ESPRIT HOLDINGS (00330.HK) -0.002 (-1.786%) announced the application of the commencement of self-administration proceedings over the assets of seven German subsidiaries at the court of Dusseldorf, Germany.The Company expected to reorganize its finances and business in Europe, and believed that it provides necessary flexibility and agility to effectively pursue the ongoing transformation program which is favorable to the long-term and sustainable development of the Company, according to ESPRIT HOLDINGS.(HK stocks quote is delayed for at least 15 mins.)