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 […]

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

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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

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(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

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

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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

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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

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UPDATE 2

(Adds details on proposal to remove chairman) June 26 (Reuters) – Luckin Coffee Inc LK.O said on Friday its board had proposed to remove its chairman, Charles Zhengyao Lu, following an internal probe into the fabrication of the embattled coffee chain&aposs annual sales numbers. The China-based company&aposs stock closed 54% down on Friday after it said that its shares would

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Original title: Suddenly: US stocks dive! Trump dealt with Huawei and came up with this trick! Ruixing Coffee “Finished” 6 fuse plunges 50% During the Dragon Boat Festival, A-shares are on holiday, but the US stocks are in constant trouble. After the market opened on the evening of the 26th, the number of coronavirus cases in many areas of the

Suddenly: US stocks dive! Ruixing Coffee “finished” 6 times fuse plunge 50% >> 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

UPDATE 1

(Adds details from release, background)   June 26 (Reuters) – Luckin Coffee Inc said on Friday its shares would be suspended from trading on the Nasdaq from next week as it withdrew a request for a hearing with the U.S. stock exchange on the delisting notice.   Shares of the Chinese company, which was served with two de-listing notices over the last two months, tumbled 35%.

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CORRECTED

(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

CORRECTED >> 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

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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

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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

Ruixing Coffee once again received a delisting notice from Nasdaq, lawyer: delisting does not affect investor claims >> Read More

Reuters June 23-Ruixing Coffee disclosed on Tuesday that the company received a delisting notice from NASDAQ last week. The Chinese coffee chain failed to submit its annual report before. The company said in a regulatory filing that the company failed to submit a report due to delays caused by the new coronary pneumonia epidemic and the internal investigation results of

US stocks: Ruixing Coffee received the Nasdaq delisting notice for the second time and hired an investment bank to provide financial and strategic advice >> 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

Press Release: Luckin Coffee Receives Delisting Notice from Nasdaq for Failure to File its Annual Report Luckin Coffee Receives Delisting Notice from Nasdaq for Failure to File its Annual Report BEIJING, June 23, 2020 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (the “Company”) (NASDAQ: LK) today announced that on June 17, 2020, it received an additional written notice (the “Notice”) from

Luckin Coffee Hasn’t Been Able to File Annual Report Due COVID >> Read More