A Luckin Coffee outlet in central business district of Beijing, taken in 2018. Photo: Simon SongA Luckin Coffee outlet in central business district of Beijing, taken in 2018. Photo: Simon Song
A Luckin Coffee outlet in central business district of Beijing, taken in 2018. Photo: Simon Song

Luckin Coffee co-founder Charles Lu tightens grip in boardroom fight after accounting scandal

  • Shareholders removed four directors, appointed Charles Lu’s nominees on board at Sunday’s special meeting of shareholders, according to local media
  • Lu’s offshore family trust Haode Investment, which controls 37.2 per cent of voting power in Luckin, is being targeted by lenders seeking to recoup their loans

Topic |   Accounting and Auditing
A Luckin Coffee outlet in central business district of Beijing, taken in 2018. Photo: Simon SongA Luckin Coffee outlet in central business district of Beijing, taken in 2018. Photo: Simon Song
A Luckin Coffee outlet in central business district of Beijing, taken in 2018. Photo: Simon Song
READ FULL ARTICLE