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
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
