On August 6, U.S. time, the U.S. Department of the Treasury’s official website released the “Report on Protecting U.S. Investors from Major Risks in Chinese Companies”, which put forward 5 audit recommendations for Chinese companies listed in the United States. These include raising the listing threshold for Chinese companies planning to go public in the United States, and requiring Chinese […]
Original title: Luckin Coffee achieved single-store profitability in July. Will it achieve overall profitability in 2021? On August 10, an insider close to Luckin Coffee revealed to multiple media that Luckin Coffee, which was deeply involved in financial fraud on August 8, held the 2020 Mid-Year National Conference. During this meeting, Ruixing internally announced some business conditions: as of July,
Futu News reported on August 10 that an insider close to Ruixing Coffee revealed that on the weekend of August 8 just past, Ruixing Coffee, which is deeply involved in financial fraud, held the 2020 “Mid-Year National meeting”. Judging from the business situation disclosed at the meeting in the first half of the year, there are quite positive signals. The
Zhitong Finance APP learned that Lucky Coffee (LK.US) announced today that it has received applications from Lucky Cup Holdings and Fortune Cup Holding to hold an extraordinary general meeting. The two companies proposed to restore Shao Xiaoheng as a director of Ruixing’s board of directors in the application. The board of directors of Ruixing Coffee has reviewed the application and
When it comes to Luckin Coffee (OTCMKTS: LKNCY ), it’s not all about pointing fingers, bad actors, or failed price charts and the like. Luckin stock is an important wake-up call. In a market made up of stocks, it’s always smart to hedge those sure things or the next, next big thing, to avoid the possibility of an ever-present painful
Those shorting stocks during the COVID-19 pandemic have made more than $50 billion in profits. Billionaire Bill Ackman recently said that activist short sellers are far more efficient than regulators at unearthing corporate frauds, and that regulators should work with short sellers. Here we take a look at the top 10 best performing activist short calls in the first half
Top 10 Activist Short Calls That Paid Off Big Time In 2020 H1 >> Read More
Original title: Beautiful earnings report and stimulus plan landing, US stocks closed up, Apple returned to the world’s top market capitalization source: financial industry website Financial Sector US Stocks News August 1, Beijing time news, the trillion-dollar stimulus plan was approved and the four major technology stocks were absolutely boosted by their beautiful earnings reports. US stocks closed up in
Original title: Ruixing’s financial fraud investigation is released, administrative punishment is on the line Trainee reporter He Jueyuan On July 31, the Ministry of Finance, the State Administration of Market Supervision and the China Securities Regulatory Commission successively issued investigation reports on Ruixing Coffee’s financial fraud. The China Securities Regulatory Commission revealed that recently, the China Securities Regulatory Commission has
Original Title: Hengqiang, the Big Four, US Stocks Collectively Higher Open and Nasdaq rose nearly 150 points Source: Financial industry website Financial Sector US Stocks News, July 31, Beijing time, investors are paying attention to economic data and the progress of the new round of economic stimulus plans. At the same time, the four major technology giants, Apple, Amazon, Google
Gelonghui July 31丨In April of this year, Luckin Coffee Inc. exposed its financial fraud and received widespread attention. In accordance with the State Council’s Financial Commission’s “zero tolerance” spiritual requirements for financial fraud in the capital market, the China Securities Regulatory Commission, together with the Ministry of Finance, the State Administration for Market Regulation and other departments, suspected violations of
July 31 (Reuters)-* CHINA’S MARKET REGULATOR SAYS TAKING ACTION AGAINST LUCKIN COFFEE AFTER INVESTIGATION FOUND THAT THEY HAD FALSIFIED TRANSACTIONS, CARRIED OUT INAPPROPRIATE COMPETITIVE ACTIONS INAPPROPRIATE COMPETITIVE ACTIONS INAPPROPRIATE COMPETITIVE ACTIONS ACTIONS ACTIONSAYD REGULATORTA ACTIONSFurther company coverage: (Reporting by Brenda Goh. editing by John Stonestreet) (([email protected]) Reuters, July 31-*The Chinese market regulator said it had taken action against LUCKIN Coffee.
Original title: The State Administration of Market Supervision filed investigations into Ruixing Coffee (China) Co., Ltd. and Ruixing Coffee (Beijing) Co., Ltd. for suspected unfair competition In April of this year, Ruixing Coffee “disclosed” financial fraud, and the State Administration of Market Supervision quickly established a task force to investigate Ruixing Coffee’s suspected fraudulent transactions and other unfair competition behaviors.
Original title: The Ministry of Finance completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities Source: Supervision and Evaluation Bureau July 31, 2020 Source: Bureau of Supervision and Evaluation In accordance with the “Accounting Law of the People’s Republic of China”, the Ministry of Finance has organized its forces to deal with Luckin Coffee
Original title: Ministry of Finance: From April 2019 to the end of 2019, Ruixing Coffee inflated revenue by 2.119 billion yuan. Source: Securities Times·e Company e company news, the Ministry of Finance has completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities. The inspection found that from April 2019 to the end of 2019,
By Scott Murdoch HONG KONG (Reuters) – Credit Suisse Group AG’s Asia-Pacific business has the highest level of credit provisions for potential loan losses across each of the bank’s major divisions, according to its second-quarter accounts. The Swiss-based bank made 81 million Swiss francs ($88.66 million) in provisions for credit losses in the Asia-Pacific in the second quarter, its results
Credit Suisse’s Asian business has highest level of credit provisions >> Read More
Since mid-April, all’s been quiet forStarbucks (NASDAQ: SBUX ), at least in the equity market. SBUX stock saw a brief rally in early June, but that aside has stalled out. Source: Grand Warszawski / Shutterstock.com I expect that will change soon — and possibly next week. Starbucks reports fiscal third-quarter earnings on Tuesday afternoon. And that release should be a
Ahead of Earnings, Buy the Dip in Starbucks Stock >> Read More
Original title: Lu Zhengyao, a car rental in China, struggling to find another man Shenzhou Rent-a-Car has had many twists and turns on the way to find Panxia. July 20, SAIC Announced that after the group’s wholly-owned subsidiary SAIC Motor Hong Kong Investment Co., Ltd. signed a contract to acquire China Rent-A-Car, in the process of subsequent equity transfer agreement
Shenzhou Rent-a-Car, Lu Zhengyao, struggling to find another man >> Read More
Original title: American style 5 yuan a cup, Michelle Ice City sells coffee a bit wild It’s not Hey Tea or Naixue. The first domestic milk tea that broke through 10,000 stores is a brand called Michelle Ice City. On June 21, Michelle Ice City put up a banner of “Congratulations to Michelle Ice City’s global stores for breaking through
American style 5 yuan a cup, Michelle’s coffee shop is a bit wild >> Read More
After three months and eighteen days, the “China” earthquake triggered by Luckin Coffee’s (LK.US) self-explosive financial fraud finally came to an end with a seemingly successful ending. On July 20th, China Car Rental (00699) issued an announcement stating that its two major shareholders, UCAR, Amber Gem (a subsidiary of Warburg Pincus, a US private equity investment company), had signed a
The 110 days after the crash of Shenzhou Car Rental (00699) >> Read More
Original title: Two Chinese concept stocks that may cause heavy losses to investors at any time Source: Financial industry website The U.S. Senate recently passed a new bill. Many investors who buy U.S. listed Chinese concept stocks will be hit, because under the bill, companies controlled by foreign governments or listed companies that do not hand over accounting books to
Two Chinese concept stocks that may cause heavy losses to investors at any time >> Read More
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