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 […]

It is reported that a court in the British Virgin Islands approved the bank’s application for the liquidation of Haode Investments Inc. on July 9, and appointed KPMG as the liquidator of these assets. This company is controlled by Lu Zhengyao’s family trust company and holds shares in Ruixing Coffee. From the date of the judgment, Lu Zhengyao had 14

Lu Zhengyao’s shares were liquidated by the court! Will lose the control of Ruixing, Dazheng Capital has the most voting rights >> Read More

What Happened Acting Chief Executive Officer and existing board member, Jinyi Guo, has been appointed the chairman and the CEO of the Chinese coffee chain company. Charles Zhengyao Lu, the former chairman of Luckin, ceases to be a director. The ouster of Lu comes weeks after an earlier attempt to do the same failed. Lu is the co-founder of the

Luckin Coffee Confirms Lu’s Ouster, Appoints New Chairman, Directors >> Read More

exclusive

Original title: Exclusive | Feihe responded to the short sale and said that the company’s audit was okay, and was accused of performance. If Tong Ruixing source: gold and agriculture worth configuring “The short-selling agency said Feihe exaggerated its revenue and lowered billions of dollars in operating expenses.” Recently, the short-selling agency “killer whale” BlueOrca Capital published a 64-page research

exclusive >> Read More

Sina Hong Kong Stock News July 8 news, Chinese Flying Crane In the event of a short sale by Blue Orca, after the news was issued, China’s straight-line diving plunged 5%, but it rebounded quickly thereafter. As of press time, China Flying Crane fell 1.14%, quoted at 15.62 Hong Kong dollars, the latest market value of 139.4 billion Hong Kong

China’s flying crane is short again: 62% bargaining Blue Orca short-selling majority plunged? >> Read More

On July 8, short-selling agency Blue Orca Capital issued a short report on China’s Feihe, questioning Feihe’s infant milk powder revenue, operating costs, and profitability. As soon as the news came out, Feihe’s stock price plunged more than 8%. However, after Feihe clarified and released its earnings report, the company’s stock price rose in the afternoon. As of the close

Short again! Feihe or “reproduced Ruixing”? >> Read More

Original title: May be affected by Ruixing Coffee and China Automobile failed to disclose the annual report on time Yesterday night, UCAR announced that, according to relevant regulations, because the company could not disclose the 2019 annual report on time, UCAR stock will be suspended from July 1, and may face the risk of forced termination of the listing by

Or may be affected by Ruixing Coffee and China Automobile did not disclose the annual report on time. >> Read More

Sina Technology News morning news on July 1st, in the evening of June 30th, UCAR announced that, according to relevant regulations, the company’s shares will be listed as SME shares nationwide from July 1st because the company cannot disclose the 2019 annual report on time. The suspension of the transfer system limited liability company. According to the announcement, the company

Due to the failure to disclose the annual report on time, UCAR suspended from July 1 >> Read More

Source: e company official micro Author: Li Manning, Cao Chen, Li Xuefeng Abstract: Ruixing Coffee’s delisting is about to enter the countdown, but the consequences of the company’s alleged financial fraud are far from over. Early in the morning on June 27, Ruixing Coffee issued an official statement that it will be suspended from NASDAQ on June 29 and will

Ruixing is “dead”? Over 4000 stores still want to live! The possibility of physical store owner change >> Read More

Because of the Dragon Boat Festival holiday, A shares stopped trading this Thursday, but the US stocks have been a little thrilling these days. On Friday, the three major US stock indexes fell collectively. As of the close, the Dow fell 2.84%, and this week fell 3.3%; the S&P 500 fell 2.42%, and this week it fell 2.9%; the Nasdaq

Rui Xing gave up struggling! Six times of intraday fuse, the stock price welcomes the bloody night >> Read More

DJ Luckin Stock Tumbled Because It Decided to Stop Fighting Its Delisting — Barrons.com By Luisa Beltran Luckin Coffee, which is embroiled in an accounting scandal, said Friday that it no longer plans to fight the Nasdaq’s decision to delist the company, causing its stock to lose more than half its value. Luckin’s (Ticker: LK) American Depositary Shares will be

Luckin Stock Tumbled Because It Decided to Stop Fighting Its Delisting >> Read More

DJ Luckin Coffee Moves to Remove Chairman Charles Lu From Board By Maria Armental The board of embattled Chinese coffee chain Luckin Coffee Inc. is moving forward to remove Chairman Charles Lu but asked shareholders to vote against a proposal to remove Sean Shao from the board, citing concerns about potentially disrupting an internal investigation. A board meeting will be

Luckin Coffee Moves to Remove Chairman Charles Lu From Board >> Read More

DJ Luckin Coffee Drops Nasdaq Appeal. Shares To Be Delisted — Update By Jing Yang Embattled Chinese coffee chain Luckin Coffee Inc. said it no longer plans to appeal a decision by the Nasdaq Stock Market to delist its shares, effectively ending its one-year run as a U.S. publicly listed company. Luckin’s American Depositary Shares will be suspended from trading

Luckin Coffee Drops Nasdaq Appeal; Shares To Be Delisted >> Read More

Original title: Nasdaq informed Ruixing Coffee’s stock suspension on June 29th, stock price plunged 23% before the market Source: Financial website U.S. stocks in the financial world News on June 26, Beijing time, the Nasdaq General Counsel’s Office has notified Ruixing Coffee (US stock LK) that the company’s stock will be suspended when it opens on June 29. Ruixing Coffee

Nasdaq informs Ruixing Coffee’s stock suspension on June 29, stock price plunges 23% before the market >> Read More

Press Release: Luckin Coffee Announces Withdrawal of its Request for Nasdaq Hearing Luckin Coffee Announces Withdrawal of its Request for Nasdaq Hearing BEIJING, June 26, 2020 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (the “Company”) (NASDAQ: LK) today announced the following: As previously disclosed, the Company received two written notices (the “Notices”) from the Listing Qualifications Staff (the “Listing Qualifications Staff”)

Luckin Coffee: Nasdaq Has Notified the Co Its Shrs Will Be Suspended at the Open of Business on June 29 >LK >> Read More

BRIEF

June 26 (Reuters)-Luckin Coffee Inc: * LUCKIN COFFEE ANNOUNCES WITHDRAWAL OF ITS REQUEST FOR NASDAQHEARING * LUCKIN COFFEE INC-ON MAY 22, 2020, COMPANY REQUESTED AN “ORALHEARING BEFORE NASDAQ HEARINGS PANEL PURSUANT TO MARKET PLACE” LE 48 INC-ON MAY 23, 2020, NASDAQ INFORMED COMPANY OF SCHEDULED HEARING DATE OF JUNE 25, 2020 * LUCKIN COFFEE INC-OFFICE OF GENERAL COUNSEL OF NASDAQ

BRIEF >> Read More

Original title: Hiring investment bank Hualian as a consultant Ruixing Coffee’s move can “self-help”? source: Oriental Fortune network According to a report on June 23 by Phoenix Network Technology, Reuters reported that people familiar with the matter said that Ruixing Coffee has selected US investment bank Houlihan Lokey as its consultant. Earlier, Ruixing Coffee’s accounting scandal had caused the company’s

Hiring investment bank Hualian as a consultant Ruixing Coffee’s move can “self-help”? >> Read More

DJ Luckin Coffee Gets Nasdaq Delisting Notice for Not Filing Annual Report By Dave Sebastian Luckin Coffee Inc., the Chinese coffee company that admitted to faking sales numbers, said it received a delisting notice from Nasdaq on June 17 for not filing its 2019 annual report. The notice came after Nasdaq’s listing staff in May moved to delist the Xiamen,

Luckin Coffee Gets Nasdaq Delisting Notice for Not Filing Annual Report >> Read More