A delivery man leaves a Luckin Coffee outlet in Beijing. The coffee chain is preparing to be delisted from Nasdaq after an accounting scandal. Photo: Reuters
Luckin Coffee drops co-founder Charles Lu Zhengyao as chairman of new board, keeps investors guessing on who’s in charge of scandal-tainted chain
- Luckin reconstitutes boardroom with more members, a week after a special meeting in Beijing
- SEC filing does not indicate if co-founder Lu has offered to resign or been removed
Topic |
Stocks
A delivery man leaves a Luckin Coffee outlet in Beijing. The coffee chain is preparing to be delisted from Nasdaq after an accounting scandal. Photo: Reuters
Corrected [10:52am, 14 Jul, 2020]
- [10:52am, 14 Jul, 2020]
Corrects the yuan value of fabricated sales in the third paragraph
We are part of the Trust Project What is it?