Original title: Ruixing Shareholders’ General Meeting Recalls Chairman Lu Zhengyao, All Directors Related to Performance Fraud are Out Oriental Fortune network Original title: Ruixing Shareholders’ General Meeting Recalls Chairman Lu Zhengyao On July 6th, Nandu reporters learned that at the special shareholders’ general meeting just concluded by Ruixing Coffee, the meeting voted to dismiss the duties of chairman and director […]
Tag: fraud
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
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
Original title: On the collapse of Ruixing’s lies Source: Securities Times I heard that Ruixing Coffee, which is listed on the US stock market, was officially delisted. I heard that I haven’t seen it in person. However, I have seen the lucky luck of the scenery, the myth of 18 months after the establishment of the IPO, but the final
Ruixing is about to delist, but its story is not over. 1. The time is set! Ruixing suspended trading next Monday No more struggling, Rui Xing gave up the last chance. On June 26, Rising’s official website officially announced that it had decided to withdraw its request to hold a hearing on the 24th and accepted the NASDAQ delisting decision.
Source: Sohu Finance As of press time, Lucky Coffee (LKNCY.US) plunged 30.07% at the opening to $0.965. From establishment to listing on the NASDAQ, Ruixing Coffee took only 18 months to set the world record for the fastest listing. Today, the listing has been hurriedly delisted after 13 months, and the speed is equally amazing. On the evening of June
In the evening of June 26 in Beijing, Ruixing Coffee suddenly issued an announcement that it would withdraw the request to hold a hearing, and said that it had received notice from the Nasdaq office that it would be officially suspended from trading on June 29, and will be delisted. . Prior to this, Ruixing had received Nasdaq’s delisting notice
recently, Ruixing Coffee According to a statement, Ruixing will be on June 29 Nasdaq Suspension of trading and filing for delisting. From “National Light” to financial fraud, after several months of struggle, Ruixing Coffee’s delisting is a foregone conclusion What did it go through in the middle? Ruixing Coffee is currently the largest coffee chain brand in China, having previously
From the darling of capital to the delisting, what has Ruixing experienced? >> Read More
Original title: 4 frauds over 6 years! Zhangzidao “Where did the scallop go”? Source: Financial industry website Beidou: Scallop scallop, please answer it when you hear it. Scallop: Beidou Beidou, received, received! On the last trading day before the Dragon Boat Festival holiday, the China Securities Regulatory Commission issued a heavy penalty decision, the goal was to stage the “scallop
4 frauds over 6 years! Zhangzidao “Where did the scallops go”? >> Read More
In the next step, “Sui Xing is really self-inflicted and can’t live”. Several industry experts conducted in-depth analysis, which means that the delisting is a foregone conclusion and no longer a defense. It also means that there is fraud by default. This is an inevitable under the rules. As a result, Ruixing no longer appealed, and the process of delisting
Original title: Ruixing is about to delist, but things will not end so easily Source: Parent Fund Research Center Ruixing Coffee took 17 months from establishment to IPO, and from listing to delisting, faster. According to foreign media reports, Ruixing Coffee said in a document submitted to the US Securities and Exchange Commission (SEC) on Friday that the company will
Ruixing is about to delist, but things will not end so easily >> 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
Regarding why Ruixing took the initiative to cancel the hearing at this time, Tencent Financial exclusive dialogue with American lawyer Liu Longzhu. He said that Ruixing gave up the request for a hearing or because the probability of success was very low. Only one Chinese company had won the case before that, not to mention Ruixing was a self-reported fraud.
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
last night, Ruixing Coffee Received again Nasdaq Delisting notice, this is the second delisting notice received by Ruixing Coffee. Affected by this, Ruixing Coffee’s stock price plunged straight ahead and opened sharply lower. As of the close, it fell 12% to $2.79. Ruixing received the delisting notice again, the stock price dived On the evening of June 23, Beijing time,
Original title: Ruixing Coffee once again received the NASDAQ delisting notice, lawyer: delisting does not affect investor claims On the evening of June 23, Ruixing Coffee issued an announcement that the company had received a delisting notice from Nasdaq again because it failed to submit its annual report. Ruixing Coffee also said that it has been working hard to study
After all, Ruixing Coffee will still be delisted from NASDAQ. From the exposure of financial fraud on April 2 to the second notice of delisting today on June 23, it only took more than two months. I don’t know what domestic A-share partners think about it. Ruixing Coffee received the NASDAQ delisting notice again This time because no annual report
Original title: The German version of Ruixing’s fraud case broke out: $2.1 billion does not exist CEO resigns COO was opened Source: Lei Di Net Lei Di Network Rakuten reported on June 23 At the time when Luckin’s financial fraud of 2.2 billion was not yet calm, the German payment giant Wirecard revealed another fraud case. German payment giant Wirecard
According to Bloomberg news, Rui Xing lost the lawsuit and will be recovering 300 million debts. The two entities under Lu Zhengyao were liquidated. Ruixing Coffee did not comment on the news. Ruixing Coffee US stocks fell more than 2% before the market. Since the exposure of financial fraud on April 2, Ruixing Coffee’s share price has fallen steeply. As
Source: Brokerage China Author: cloud kite Abstract: On the one hand, the chairman is about to be dismissed, and on the other hand, the family fund is facing liquidation. Lu Zhengyao, chairman of Ruixing Coffee, seems to usher in a dark moment. On June 21, Bloomberg News reported that the credit lender led by Credit Suisse won a court order
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