A Luckin Coffee store in Beijing, China in February 2019. An accounting scandal has led to a financial fallout for its key executives. Photo: Reuters A Luckin Coffee store in Beijing, China in February 2019. An accounting scandal has led to a financial fallout for its key executives. Photo: Reuters
A Luckin Coffee store in Beijing, China in February 2019. An accounting scandal has led to a financial fallout for its key executives. Photo: Reuters

Luckin Coffee’s lenders win court order to wind down chairman’s offshore assets

  • A Cayman Islands court issues order to wind down Primus Investments Fund and Mayer Investments Fund, which hold shares in Luckin Coffee
  • Lenders led by Credit Suisse has raised US$210 million from collateral, still short of US$300 million to recoup loan

Topic |   Banking & Finance
A Luckin Coffee store in Beijing, China in February 2019. An accounting scandal has led to a financial fallout for its key executives. Photo: Reuters A Luckin Coffee store in Beijing, China in February 2019. An accounting scandal has led to a financial fallout for its key executives. Photo: Reuters
A Luckin Coffee store in Beijing, China in February 2019. An accounting scandal has led to a financial fallout for its key executives. Photo: Reuters
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