July 15 (Reuters)-Luckin Coffee Inc: * LUCKIN COFFEE-ANNOUNCES APPOINTMENT OF ALEXANDER LAWSON AND WING SZE TIFFANY WONG AS “LIGHT-TOUCH” JOINT PROVISIONAL LIQUIDATORS IN CAYMAN ISLANDSSource text for Eikon: (([email protected] ) Reuters, July 15-Luckin Coffee Inc: *LUCKIN Coffee-announced the appointment of Alexander Lawson and Wing Sze Tiffany Wong as joint temporary liquidator of the Cayman Islands, Eikon The source text of: […]
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(Adds details on Lu, background) July 13 (Reuters) – Luckin Coffee Inc has ousted co-founder and chairman Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive officer, the embattled coffee chain disclosed on Monday. Guo was previously the acting CEO of the company. The move to replace Lu comes just weeks after Luckin said he would stay
July 13 (Reuters)-Luckin Coffee Inc said on Monday co-founder and chairman Charles Zhengyao Lu has stepped down and will be replaced by acting Chief Executive Officer Jinyi Guo. Guo has also been appointed as CEO of the coffee chain, the said company said The move to replace Lu comes just weeks after Luckin said he would stay on as chairman
July 1 (Reuters) – Luckin Coffee Inc LK.O said on Wednesday it was winding up an internal probe on fake annual sales of about $300 million as it prepares to vote on a proposal to remove Founder-Chairman Charles Zhengyao Lu on July 2. The move by the troubled Beijing-based coffee chain comes follows a request by the majority of the
Luckin Coffee winds up internal probe ahead of vote on chairman removal >> Read More
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
NEW YORK, June 30, 2020 (GLOBE NEWSWIRE) — The Nasdaq Stock Market announced today that it will delist the common stock of Tuesday Morning Corp . Tuesday Morning Corp.’s common stock was suspended on June 8, 2020 and has not traded on Nasdaq since that time. Nasdaq also announced today that it will delist the ordinary shares of Reebonz Holding
Source: “Retail boss Reference” (ID: lslb168), Author: Xiekang Yu, owner of the retail internal control exclusive feature, All Rights Reserved. starting from today, Rui Xing Official suspension, every next day is a countdown for delisting. After all the appeal periods have expired, Ruixing will get a delisting notice, and then Nasdaq Delisting. The reality is always more exciting than the
Lu Zhengyao, an infighting drama that escaped from the death of Ruixing >> Read More
June 26 (Reuters)-Luckin Coffee Inc: * LUCKIN COFFEE RECEIVED A NOTIFICATION TO CONVENE AN EXTRAORDINARY GENERAL MEETING * LUCKIN COFFEE INC-BOARD OF DIRECTORS RECOMMENDS SHAREHOLDERS INCOTE AGAINST PROPOSAL TO REMOVE SEAN SHAO AS ANOFFINDUCK- BOARD HAS REVIEWED NOTIFICATION, AND MAJORITY OF DIRECTORS OF BOARD HAVE CONFIRMED DATE OF PROPOSEDEGMSource text for Eikon: Further company coverage: (([email protected]) Reuters, June 26-Luckin Coffee
June 26 (Reuters) – Luckin Coffee Inc : * PROPOSAL OF RESIGNATION AND REMOVAL OF THE CHAIRMAN OF THE BOARD * LUCKIN COFFEE INC – RESOLVED TO REQUIRE MR. CHARLES ZHENGYAO LU TO RESIGN AS A DIRECTOR AND CHAIRMAN * LUCKIN COFFEE INC – MEETING OF BOARD WILL BE HELD ON JULY 2, 2020 TO CONSIDER PROPOSAL TO REMOVE CHARLES ZHENGYAO LU * LUCKIN COFFEE
MW Luckin Coffee to be delisted from the Nasdaq Luckin Coffee Inc. (LK) said Friday that it will be delisted from the Nasdaq. The Beijing-based coffee purveyor received two notices from the Nasdaq about its failure to adhere to listing rules. On May 22, Luckin requested a hearing on the issue, which had been scheduled for June 25. The day
(Corrects to say “suspended”, not “delisted”, in headline, paragraph 1) June 26 (Reuters) – Luckin Coffee Inc LK.O said on Friday Nasdaq Inc NDAQ.O notified the Chinese coffee chain that its shares would be suspended at the open on Monday. Luckin&aposs shares, which have lost more than 85% of their value since the company announced an internal investigation of some
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
June 23 (Reuters)-Luckin Coffee Inc disclosed on Tuesday it received a de-listing notice from the Nasdaq Inc last week after the Chinese coffee chain failed to file its annual report. The company said in a regulatory filing it has not been able to file the report due to the delays caused by the COVID-19 pandemic and as it awaits for
DJ Luckin Coffee: Member of Internal Investigation Committee Has Resigned By Dave Sebastian Luckin Coffee Inc., the Chinese coffee company that later admitted to revenue fabrication, said a director who had been tapped to help oversee an internal investigation has resigned after serving for less than three months. Tianruo Pu resigned due to personal reasons, Luckin said Friday. Mr. Pu
Luckin Coffee: Member of Internal Investigation Committee Has Resigned >> Read More
By Julie Zhu and Zhang Yan HONG KONG/BEIJING, May 20 (Reuters) – A company linked to China’s scandal-hit Luckin Coffee Inc is seeking fresh capital, sources said, highlighting the ripple effect of Luckin’s fabricated transactions as the chairman of both firms scrambles to avoid a cash crunch. UCAR Inc, founded by Charles Zhengyao Lu, is looking to sell its limited partner (LP) interest worth 1
Press Release: Nasdaq Scheduled Resumption in Luckin Coffee Inc. Nasdaq Scheduled Resumption in Luckin Coffee Inc. NEW YORK, May 19, 2020 (GLOBE NEWSWIRE) — The Nasdaq Stock Market(R) (Nasdaq: NDAQ) announced that trading in Luckin Coffee Inc. (Nasdaq: LK) is scheduled to resume on Wednesday, May 20, 2020, at 7:00 a.m. Eastern Time. Trading in the company’s stock was halted
Nasdaq Says Trading in Luckin Coffee Inc. Scheduled to Resume Wednesday, May 20 >LK >> Read More
(Reuters) – Nasdaq Inc has delivered a notice to China’s Luckin Coffee Inc informing it that it has to delist from the U.S. stock exchange, people familiar with the matter said on Tuesday. Luckin Coffee, which had a U.S. IPO in early 2019, announced last month that an internal investigation had shown its chief operating officer and other employees fabricated
Exclusive: Nasdaq informs China’s Luckin Coffee it must delist >> Read More
MW Nasdaq plans to toughen rules that could make it harder for Chinese companies to list on its exchange: report Nasdaq Inc. [: NDAQ] plans to impose stricter regulation that may make it harder for some Chinese companies to list on its platform, Reuters reported (https://www.reuters.com/article/us-nasdaq-china-listings-exclusive/exclusive-nasdaq-to-tighten-listing-rules-restricting-chinese-ipos-sources-idUSKBN22V01Q) late Monday. Among the new rules, Nasdaq would require companies from some countries to
SAN DIEGO, April 15, 2020 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Luckin Coffee Inc. (NASDAQ: LK). Investors, who purchased shares of Luckin Coffee Inc. (NASDAQ: LK) prior to November 2019, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Luckin Coffee Inc. (NASDAQ: LK) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between November 13, 2019 and January 31, 2020. Luckin Coffee engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items
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