Original title: Luckin Coffee achieved single-store profitability in July. Will it achieve overall profitability in 2021? On August 10, an insider close to Luckin Coffee revealed to multiple media that Luckin Coffee, which was deeply involved in financial fraud on August 8, held the 2020 Mid-Year National Conference. During this meeting, Ruixing internally announced some business conditions: as of July, […]

Futu News reported on August 10 that an insider close to Ruixing Coffee revealed that on the weekend of August 8 just past, Ruixing Coffee, which is deeply involved in financial fraud, held the 2020 “Mid-Year National meeting”. Judging from the business situation disclosed at the meeting in the first half of the year, there are quite positive signals. The

Ruixing Coffee: Except for the unopened stores that have achieved overall breakeven, it is expected to achieve overall profitability in 2021 >> Read More

Zhitong Finance APP learned that Lucky Coffee (LK.US) announced today that it has received applications from Lucky Cup Holdings and Fortune Cup Holding to hold an extraordinary general meeting. The two companies proposed to restore Shao Xiaoheng as a director of Ruixing’s board of directors in the application. The board of directors of Ruixing Coffee has reviewed the application and

Luckin Coffee (LK.US) will hold a general meeting of shareholders on September 2 to vote on the restoration of Shao Xiaoheng as a director of the company >> Read More

Original title: Ruixing’s financial fraud investigation is released, administrative punishment is on the line Trainee reporter He Jueyuan On July 31, the Ministry of Finance, the State Administration of Market Supervision and the China Securities Regulatory Commission successively issued investigation reports on Ruixing Coffee’s financial fraud. The China Securities Regulatory Commission revealed that recently, the China Securities Regulatory Commission has

Ruixing financial fraud investigation is released, administrative punishment is on the line >> Read More

Gelonghui July 31丨In ​​April of this year, Luckin Coffee Inc. exposed its financial fraud and received widespread attention. In accordance with the State Council’s Financial Commission’s “zero tolerance” spiritual requirements for financial fraud in the capital market, the China Securities Regulatory Commission, together with the Ministry of Finance, the State Administration for Market Regulation and other departments, suspected violations of

The China Securities Regulatory Commission issued a circular on the investigation and disposal of Ruixing Coffee’s financial fraud >> Read More

BRIEF

July 31 (Reuters)-* CHINA’S MARKET REGULATOR SAYS TAKING ACTION AGAINST LUCKIN COFFEE AFTER INVESTIGATION FOUND THAT THEY HAD FALSIFIED TRANSACTIONS, CARRIED OUT INAPPROPRIATE COMPETITIVE ACTIONS INAPPROPRIATE COMPETITIVE ACTIONS INAPPROPRIATE COMPETITIVE ACTIONS ACTIONS ACTIONSAYD REGULATORTA ACTIONSFurther company coverage: (Reporting by Brenda Goh. editing by John Stonestreet) (([email protected]) Reuters, July 31-*The Chinese market regulator said it had taken action against LUCKIN Coffee.

BRIEF >> Read More

Original title: The State Administration of Market Supervision filed investigations into Ruixing Coffee (China) Co., Ltd. and Ruixing Coffee (Beijing) Co., Ltd. for suspected unfair competition In April of this year, Ruixing Coffee “disclosed” financial fraud, and the State Administration of Market Supervision quickly established a task force to investigate Ruixing Coffee’s suspected fraudulent transactions and other unfair competition behaviors.

The State Administration of Market Supervision filed an investigation into Ruixing Coffee and other suspected unfair competition >> Read More

Original title: The Ministry of Finance completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities Source: Supervision and Evaluation Bureau July 31, 2020 Source: Bureau of Supervision and Evaluation In accordance with the “Accounting Law of the People’s Republic of China”, the Ministry of Finance has organized its forces to deal with Luckin Coffee

The Ministry of Finance completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities >> Read More

Original title: Two Chinese concept stocks that may cause heavy losses to investors at any time Source: Financial industry website The U.S. Senate recently passed a new bill. Many investors who buy U.S. listed Chinese concept stocks will be hit, because under the bill, companies controlled by foreign governments or listed companies that do not hand over accounting books to

Two Chinese concept stocks that may cause heavy losses to investors at any time >> Read More

Zhitong Finance APP learned that according to media reports, part of the investigation report of the Special Investigation Committee on the Luckin (LK.US) incident has been exposed. The investigation results showed that the investors and company directors Liu Erhai and Li Hui were unaware of the fraud, and none of the current board members participated in the fraud. It is

Ruixing (LK.US) incident investigation report exposed, investors Liu Erhai and Li Hui did not know >> Read More

Original Title: Ruixing Coffee Appoints Joint Temporary Liquidator: Time for Space, Unfavorable Situation Is Reversed Source: China Science and Technology News Network China Science and Technology News Network July 16 (Liu Lin) The situation facing Ruixing Coffee is accelerating. On July 16, when the board of directors completed the reorganization, Ruixing Coffee issued an announcement that the Cayman Islands Grand

Ruixing Coffee appoints joint interim liquidator: time for space, unfavorable situation is expected to reverse >> Read More

Sina Technology News, Beijing time, July 16, morning news, the Cayman Islands Grand Court appointed Alexander Lawson of Alvarez & Marsal Cayman Islands Co., Ltd. and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Co., Ltd. as Luckin The “touch” of coffee unites temporary liquidators. Alvarez & Marsal is a leading consulting company that deals specifically with complex business

Ruixing Coffee Appoints “Tap” Joint Interim Liquidator in the Cayman Islands >> Read More

BRIEF

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:

BRIEF >> 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

BRIEF

July 13 (Reuters)-Luckin Coffee Inc. DIRECTORS * DAVID HUI LI, ERHAI LIU, CHARLES ZHENGYAO LU & SEAN SHAO CEASED TO BE DIRECTORS TO BOARDSource text for Eikon: Further company coverage: ((Reuters Messaging: [email protected]) Reuters, July 13-Luckin Coffee Inc: *LUCKIN Coffee announces board changes and appoints new chairman *Guo Jinyi has been appointed chairman of the board *said that Guo Jinyi

BRIEF >> Read More

UPDATE 1

(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

UPDATE 1 >> Read More

Luckin Coffee co

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

Luckin Coffee co >> 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