Original title: Ruixing Coffee held a special general meeting of shareholders Lu Zhengyao, Liu Erhai and Li Hui directors’ removal proposal was passed Source: TechWeb.com.cn It is reported that at the extraordinary general meeting held yesterday, Lu Zhengyao himself appeared. Li Hui, the capital of Dazheng Capital, and Liu Erhai, the capital of Joy Capital, were not present, but entrusted

Ruixing Coffee convenes a special general meeting of shareholders >> Read More

Close observers of Chinese companies were able to see “from very early on” that Luckin Coffee was engaged in fraud, Anne Stevenson-Yang, research director at J Capital Research, told CNBC on Monday. What Happened: China-based Luckin Coffee showed investors tremendous growth prospects when it was an American-listed company. The company’s stock was ultimately delisted from the Nasdaq exchange due to

Analyst Says Luckin Coffee Looked Like A Fraud From The Beginning >> Read More

Original title: The results of the special meeting of Ruixing shareholders: the removal of 4 directors including Lu Zhengyao and the addition of 2 independent directors Source: Prospective Economist The results of the special meeting of Ruixing shareholders were released. On the afternoon of July 5, Ruixing Coffee held a special general meeting of shareholders. The meeting voted to dismiss

The results of the special meeting of Ruixing shareholders: the removal of 4 directors including Lu Zhengyao and the addition of 2 independent directors >> Read More

Original title: Ruixing Board of Directors “Great Earthquake”! Audio-Technica out of the board chairman was fired Source: China Fund News Ruixing’s “Power Seizure” may come to an end! Chairman Lu Zhengyao and the “power grabs” Li Hui, Liu Erhai and Shao Xiaoheng are all out… On the evening of July 5, several media reported that Ruixing held a special shareholders

Ruixing Board of Directors “Great Earthquake”! Audio-Technica is out, the chairman is fired >> Read More

Original title: Exclusive restoration of Ruixing Shareholders’ Meeting: Lu Zhengyao repeatedly said, “As chairman, dismiss the objections!” Source: Tencent News Author | Tencent News “Perception” Li Siyi On July 5, at the headquarters of UCAR in Beijing, Lu Zhengyao attended the general meeting of shareholders as chairman of Ruixing Coffee (LK.NDAQ). After the meeting, he and three other board members

Exclusive restoration of the Ruixing shareholders meeting: Lu Zhengyao repeatedly said “As the chairman, reject the objections!” >> Read More

Original Title: Internet Coffee Faces New Test Compared with Rui Xing, who quickly “run the horse enclosure” with the capital heat wave, Lian Coffee has always adhered to the development idea of ​​”trotting and walking slowly”. But the same coffee chain brands under the Internet model, the two ultimately ended in the same direction: Ruixing Coffee ushered in a crisis

Internet coffee faces new test >> Read More

The special committee was formed on March 19, 2020, and was authorized by the company’s board of directors to access the company’s documents, records, and information, and to interview any employees, executives, and directors as the special committee considers appropriate. During the internal investigation, the Special Committee and its consultants reviewed more than 550,000 documents collected from more than 60

Ruixing Coffee completes internal investigation: revenue exaggerates 2.1 billion yuan and costs 1.3 billion yuan >> Read More

Original Title: Ruixing Coffee Announces Completion of Internal Investigation: Some Former Executives Participate in Financial Fraud Source: Lei Di Net Lei Di Network Rakuten reported on July 1 Ruixing Coffee announced today that the Special Committee of the Board of Directors (“Special Committee”), with the assistance of consultants Kirkland & Ellis International LLP and FTI Consulting, basically completed an independent

Ruixing Coffee Announces Completion of Internal Investigation: Some Former Executives Participate in Financial Fraud >> Read More

Sina Technology Zhang Jun On the night before the board meeting on July 2, Ruixing Coffee issued an announcement disclosing the findings of the special committee of the board’s investigation into the fraud. The announcement clearly pointed out that, in addition to former CEO Qian Zhiya and former COO Liu Jian, Ruixing Coffee Chairman Lu Zhengyao participated in the fraud

Rui Xing’s sleepless night: the removal of Lu Zhengyao is unpredictable, the two factions are evenly matched 4:4 >> Read More

The special committee was established on March 19, 2020, and was authorized by the board of directors to review the documents, records and information of Ruixing Coffee. It may interview any employees, officers and directors as the special committee considers appropriate. During the internal investigation, the Special Committee and its consultants reviewed more than 550,000 documents collected from more than

Ruixing announced the results of the internal investigation! The fraud started before going public, considering the dismissal of Chairman Lu Zhengyao >> Read More

U.S. Stocks in the Financial Sector News July 1, Beijing time Ruixing Coffee Announced the completion of the internal investigation. The Special Committee found that transaction fraud began in April 2019. The board of Ruixing Coffee decided to require Lu Zhengyao to resign as director and chairman. At the same time, the board fired former CEO Qian Zhiya and Asian

The internal investigation of Ruixing Coffee is basically completed, the board of directors requires Lu Zhengyao to resign as director and chairman >> Read More

Original title: Ruixing Coffee: Most directors require Lu Zhengyao to resign as director and chairman, the board of directors will meet on the 2nd Ruixing Coffee reported on the 1st that the internal investigation had been basically completed. The Ruixing Coffee Special Committee found that the forgery transaction began in April 2019. The company’s net income in 2019 was exaggerated

Ruixing Coffee: Most directors require Lu Zhengyao to resign as director and chairman, and the board of directors will meet on the 2nd >> Read More

BRIEF

July 1 (Reuters) – Luckin Coffee Inc LC0Ay.MU : * LUCKIN ANNOUNCES THE SUBSTANTIAL COMPLETION OF THE INTERNAL INVESTIGATION * LUCKIN COFFEE INC – SPECIAL COMMITTEE HAS FOUND THAT FABRICATION OF TRANSACTIONS BEGAN IN APRIL 2019 * LUCKIN COFFEE INC – COMPANY&aposS NET REVENUE IN 2019 WAS INFLATED BY APPROXIMATELY RMB 2.12 BILLION * LUCKIN COFFEE INC – COMPANY&aposS COSTS

BRIEF >> Read More

Original title: Ruixing is officially suspended! When there is no money to burn, where do 4,000 stores go? Source: Starting Point Finance On June 29, Ruixing Coffee was officially suspended! On June 27, Ruixing Coffee issued a suspension statement: it was officially suspended from Nasdaq on June 29 and delisted for the record. More than 4,000 stores across the country

Ruixing is officially suspended! When there is no money to burn, where do 4,000 stores go? >> Read More

Original title: Lu Zhengyao of “Drumming Flowers” Source: 36 Krypton Editor’s note: This article is from the micro-channel public number “chopper Finance” (ID: niudaocaijing), Author: Wu Dalang, 36 krypton release authorized. Text丨Produced by Wu Dalang丨niudaocaijing The speed of the destruction of a myth is faster than that of its establishment. On June 29, Fortune Coffee will be suspended from trading

Lu Zhengyao of “Drumming Flowers” >> Read More

With the US stock market opening on June 29, Ruixing Coffee was officially delisted from the Nasdaq and delisted. The stock price was fixed at $1.38, a decrease of nearly 92% compared with the initial issue price of $17. At the peak, the total market value of Ruixing had reached 13 billion US dollars, and now the total market value

Rui Xing lacked the “capital” taste and turned into a secret fight >> Read More

(Source: Photograph Network) Author|Ray Xiansen Source|Ray Xiansen (ID: RayZhang1993) Ray Xiansen says Listed in 18 months and delisted in 13 months. I don’t know much about the game of capital, and I don’t have the opportunity to experience it for myself. From the fastest listing to delisting suspension, what lessons can we learn from Ruixing’s failure? I also hope that

From the fastest listing to delisting suspension: Is Lucky’s failure worthy of vigilance? >> Read More

Original title: Ruixing Coffee rose nearly 60% in the OTC market intraday Source: Tencent Securities Tencent Securities, July 1st, Ruixing coffee off-site market is now up 60%, the previous trading day, Ruixing Coffee (LKNCY.US), which traded off-site on the first day, closed up 11.59% to $1.54. On April 2, 2019, Rising Coffee Announced that Chief Operating Officer Liu Jian and

Ruixing Coffee rose nearly 60% in the OTC market >> Read More

June 29, Ruixing Coffee Formally withdrawn from the market, this “farce” that began at the beginning of the year will also end. Corresponding to this, the data obtained by the media through the Tianyan check shows that since 2020, Ruixing Coffee has only added 186 companies, an increase of -80.6% over the same period last year. This also means that

Coffee can be refreshing, but Ruixing hypnotizes himself and leaves the market without pain >> Read More