The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for the British Virgin Islands showed.
Luckin’s fortunes have crashed since an internal probe showed much of its 2019 sales were fabricated and overestimated by 2.2 billion yuan . Haode then defaulted on the loan that had been secured by millions of Luckin shares.
Goldman Sachs had been appointed to oversee the stock’s sale but Luckin had been suspended from trading on the Nasdaq for more than a month until Wednesday night.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Luckin Coffee shares crash on delisting riskShares in Luckin Coffee Inc slumped almost 40% to a record low in premarket trade on Wednesday, as they resumed trading after more than a month's halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq .
Weiterlesen »
Ralph’s Coffee Truck Traveling to New York City Hospitals Offering Free Coffee and Baked GoodsRalph Lauren is also donating roughly 1.5 million clothing products to support hundreds of thousands of frontline workers.
Weiterlesen »
Luckin Coffee craters 45% after month-long trading halt as traders sell ahead of stock delisting (LK) | Markets InsiderLuckin Coffee cratered as much as 45% on Wednesday after a month-long trading halt on the stock was lifted. The company was originally halted on...
Weiterlesen »
Luckin Coffee began trading again, but it will have to close stores and investors will be 'wiped out,' says Quo VadisLuckin Coffee Inc. undefined stock has started trading again after more than a month, but it will have to start closing stores, says Quo Vadis Capital....
Weiterlesen »
Italian coffee drinkers unhappy about a post-lockdown hike in pricesSome cafes in Italy are increasing coffee prices more than 50 percent and consumers are not happy, according to consumer rights’ association Codacons.
Weiterlesen »
Coffee Associated With Less Body Fat But Also Some DiseasesTwo recent studies confirm some pros and cons of feeding a coffee habit.
Weiterlesen »