Aspial Corp (01346.HK) announced that, according to a recent court order issued by the United States Bankruptcy Court for the District of Delaware, Express Inc., as the parent company of Bonobos and the largest customer of the group, will be sold together with Bonobos to the new owner consortium led by WHP Global.

Currently, the company has a receivable amount of approximately $6 million from Express Inc. and a stock of approximately $9 million, most of which are goods detained by the company. Although the company has credit risk control measures to minimize the impact, it is believed that the amount may affect the sales and profit of mid-term performance. The company has started discussions with the new owner consortium and plans to obtain clearer information around August this year when announcing the mid-term performance.