Luckin Coffee has suspended its chief operating officer for alleged misconduct. Photo: BloombergLuckin Coffee has suspended its chief operating officer for alleged misconduct. Photo: Bloomberg
Luckin Coffee has suspended its chief operating officer for alleged misconduct. Photo: Bloomberg

Luckin Coffee lenders seek to sell over 76 million shares after chairman defaults on loan

  • Company’s stock plunges to its lowest-ever share price on Monday in New York
  • The start-up’s chief operating officer has been suspended amid an investigation into possibly fabricated transactions
Topic |   China economy
Luckin Coffee has suspended its chief operating officer for alleged misconduct. Photo: BloombergLuckin Coffee has suspended its chief operating officer for alleged misconduct. Photo: Bloomberg
Luckin Coffee has suspended its chief operating officer for alleged misconduct. Photo: Bloomberg
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