Luckin Coffee, the fast-growing Chinese coffee chain and Starbucks rival, plunged after the company said its board is investigating reports that senior executives and employees fabricated transactions. Photo: Bloomberg

Luckin Coffee investors rue implosion on US$400 million bond bet after accounting scandal

  • Luckin Coffee’s accounting scandal puts its US listing at risk, leaving investors in a flux as stock, bond prices sank
  • Legal experts see little prospect of Luckin ADS resuming trading given the ongoing investigation into its books
Topic |   Bonds
Luckin Coffee, the fast-growing Chinese coffee chain and Starbucks rival, plunged after the company said its board is investigating reports that senior executives and employees fabricated transactions. Photo: Bloomberg
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