Brief: Stella International Was Notified Of Bankruptcy Proceedings For The Rockport Company

Stella International Holdings

16/06/2023 16:04

June 16 (Reuters) - Stella International Holdings Ltd
 1836.HK :
    * WAS NOTIFIED THE ROCKPORT COMPANY FILED VOLUNTARY PETITION
IN
UNITED STATES BANKRUPTCY COURT FOR DISTRICT OF DELAWARE
    * ROCKPORT AND ITS AFFILIATES INTEND TO CONTINUE TO MANAGE
AND
OPERATE THEIR BUSINESS AS DEBTORS IN POSSESSION
    * AS OF 16 JUNE, OUTSTANDING TRADE RECEIVABLES OWED BY
ROCKPORT
AND ITS AFFILIATES TO GROUP AMOUNTED TO US$24 MILLION
    * WILL SEEK LEGAL ADVICE IN RESPECT OF RECOVERY OF
OUTSTANDING
TRADE RECEIVABLES

Further company coverage:  1836.HK 

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