Financial News
Written by: Zhang Weilun
2020-12-01 08:30
Last update date: 2020-12-01 08:30
Esprit (0330) issued an announcement stating that on November 30, the Bankruptcy Court in Düsseldorf, Germany, has passed a final resolution to terminate the relevant subsidiaries' property protection proceedings/bankruptcy proceedings for self-management.
The company pointed out that it would regain control of related subsidiaries in December this year.
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Esprit closes its Hong Kong, Macau and Taiwan businesses with a loss of 4 billion and gradually terminates its China business
Esprit spends 14 years to become a stock, domestic and foreign, and stay away from investors for several years.
Esprit lost nearly 4 billion yuan throughout the year and said it strictly adhered to the restructuring plan
Esprit