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Monday 23 December 2024
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Luckin Coffee

Luckin Coffee fires both CEO and COO amid new evidence in fraud probe

Desk3 -
BEIJING, China – Luckin Coffee has fired fired both its CEO and COO amid an ongoing investigation into fabricated transactions. Jenny Zhiya Qian was...
Companies

Luckin Coffee investigated by China’s top business and commerce regulator

Desk3 -
MILAN – Luckin Coffee Inc.confirmed Monday that it its being investigated by China’s top business and commerce regulator as its Nasdaq-listed shares continued to...

Chinese investors to take Luckin Coffee to court thanks to new revised law

Desk3 -
MILAN – A group of Chinese investors who lost money on Luckin Coffee have filed a lawsuit before a court in the southeastern coastal...
News

Independent director Thomas Meier resigns from the Board of Luckin Coffee

Desk3 -
BEIJING, China — Luckin Coffee independent director Thomas Meier submitted his resignation to leave the board, the company announced yesterday in a SEC filing....
Companies

Nasdaq changes trading halt status for Luckin to ′additional information requested’

Desk3 -
NEW YORK, U.S. — The Nasdaq Stock Market® (Nasdaq: NDAQ) announced on Thursday that the trading halt status in Luckin Coffee Inc. (Nasdaq: LK)...
Companies

Luckin Coffee investigation initiated by former Louisiana Attorney General

Desk3 -
NEW ORLEANS, U.S. — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &...

Luckin Coffee gets a boost from its fans in China despite alleged sales fraud

Desk3 -
MILAN - Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the Chinese coffee chain to...
Market & Trade

Goldman Sachs: Enforcement on up to 76,350,094 ADSs of Luckin Coffee Inc

Desk3 -
NEW YORK, U.S. – Following the occurrence of a default by Haode Investment Inc. (the “Borrower”), a shareholder of Luckin Coffee Inc. (the “Company”)...
Companies

Luckin Coffee apologizes for sales fraud, says stores remain open as usual

Desk3 -
MILAN – Luckin Coffee apologized Sunday regarding the fallout from its sales fraud on Monday, and its senior executives involved in the incident have...

Luckin Coffee shares plunge over 75% after investigation finds COO fabricated sales

Desk3 -
MILAN – Luckin Coffee Inc. shares sank over 75% in Thursday trading after an internal investigation found that its chief operating officer fabricated 2019...
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