 Luckin Coffee

Luckin Coffee, Inc. provides food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. Its offerings include both hot and iced freshly brewed coffee such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha as well as specialty coffee based on market and seasonal trends. The firm also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

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Luckin Coffee, Inc. engages in providing food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. It also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

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The ripples are already being felt in the markets after landmark legislation was approved by the Senate.

Chinese Companies Could Be Delisted From U.S. Stock Exchanges: What It Means for Investors

Luckin Coffee plunged to new lows as trading resumed after the scandal-hit firm said it had received a delisting notice from Nasdaq.
The post One-Time IPO Darling Sinks After Extended Trading Halt Lifted appeared first on Investor's Business Daily.

One-Time IPO Darling Sinks After Extended Trading Halt Lifted

Luckin Coffee (LK) is in the news Wednesday as LK stock plummets after a Nasdaq delisting notice was delivered to the company.
The post Luckin Coffee News: LK Stock Plummets 37% on Nasdaq Delisting Notice appeared first on InvestorPlace.

Luckin Coffee News: LK Stock Plummets 37% on Nasdaq Delisting Notice

President Trump believes Chinese companies should follow the Sarbanes-Oxley Act. That’s bad news for Luckin Coffee and LK stock.

It’s Time to Ban Companies Like Luckin Coffee From Listing in the U.S.

Luckin Coffee Inc. (NASDAQ: LK) is under fire yet again.

Wil Regulatory Burdens Push Luckin Coffee Stock to Zero?

The embattled coffee chain in China tries to recover from insider fraud.

Luckin Coffee Starts Trading Again

Luckin Coffee needs to perk up. The Chinese coffee giant’s stock is down 43.5% in premarket trading amid concerns it’ll be delisted.

Luckin Coffee stock gets hammered in sell-off as it returns to the Nasdaq

Shares in Luckin Coffee Inc  slumped almost 40% to a record low in premarket trade on Wednesday, as they resumed trading after more than a month's halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq.

Luckin Coffee shares crash on delisting risk

Luckin Coffee Inc. LK, -18.40% stock has started trading again after more than a month, but it will have to start closing stores, says Quo Vadis Capital.

Luckin Coffee began trading again, but it will have to close stores and investors will be 'wiped out,' says Quo Vadis

A company linked to China's scandal-hit Luckin Coffee Inc  is seeking fresh capital, sources said, highlighting the ripple effect of Luckin's fabricated transactions as the chairman of both firms scrambles to avoid a cash crunch.

Luckin scandal ripple effect prompts chairman-backed firm to seek cash: sources

Luckin Coffee Inc. (NASDAQ: LK) will resume trading on Wednesday, Nasdaq Inc. (NASDAQ: NDAX) said in a statement Tuesday.

Luckin Coffee To Resume Trading At Nasdaq Wednesday

Luckin Coffee Inc. LK, is scheduled to resume trading Wednesday, Nasdaq Inc. said late Tuesday.

Luckin Coffee to resume trading Wednesday after being halted for more than a month

NEW YORK, May  19, 2020  (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading in Luckin Coffee Inc. (Nasdaq: LK) is scheduled to resume on Wednesday, May 20, 2020, at 7:00 a.m. Eastern Time.  Trading in the company’s stock was halted on April 7, 2020 at 9:15:25 Eastern Time.

Nasdaq Scheduled Resumption in Luckin Coffee Inc.

It seems inevitable the stock will be removed after its inflated sales scandal.

Nasdaq Gives Luckin Coffee a Delisting Notice

Chinese stocks have seen the highest highs and the lowest lows in recent weeks. While the country suffered the first economic shocks of the novel coronavirus that originated in Wuhan, China’s aggressive containment strategy has allowed the country to reopen in recent weeks, sending stocks at least temporarily to multi-year highs.

Following multiple scandals including Luckin Coffee, Nasdaq ready to tighten rules on IPO listings

Luckin Coffee Inc  said on Tuesday that Nasdaq Inc  has given it notice that it plans to delist it from the  U.S. stock exchange a month after the Chinese coffee chain disclosed that some of its employees fabricated sales accounts.

Nasdaq informs China's Luckin Coffee it plans to delist it

The Nasdaq Exchange has told Luckin Coffee that it will delist the stock after the company disclosed that its former chief operating officer fabricated sales in 2019.

Nasdaq tells Luckin Coffee of plans to delist the stock after sales fraud

Luckin Coffee Inc. LK, said Tuesday that it received on May 15 a delisting notice from Nasdaq.

Luckin Coffee gets delisting notice from Nasdaq

BEIJING, May  19, 2020  (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (NASDAQ: LK) today announced that on May 15, 2020, it received a written notice (the “Notice”) from the Listing Qualifications Staff (the “Listing Qualifications Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Listing Qualifications Staff has determined to delist the Company’s securities from Nasdaq. The Listing Qualifications Staff cited two bases for the delisting determination: (i) public interest concerns as raised by the fabricated transactions disclosed by the Company in a Form 6-K on April 2, 2020, pursuant to Nasdaq Listing Rule 5101; and (ii) the Company’s past failure to publicly disclose material information, citing a business model through which the previously disclosed fabricated transactions were executed, pursuant to Nasdaq Listing Rule 5250.

Luckin Coffee Receives Delisting Notice from Nasdaq and Plans to Request Hearing

Nasdaq Inc  has delivered a notice to China's Luckin Coffee Inc  informing it that it has to delist from the U.S. stock exchange, people familiar with the matter said on Tuesday.

Exclusive: Nasdaq informs China's Luckin Coffee it must delist-sources

The Luckin Coffee fraud case highlights the challenges of investing in Chinese stocks. Here are three key takeaways from the LK stock fiasco.

3 Key Takeaways From the Luckin Coffee Stock Fraud

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The Luckin saga continues as the Chinese coffee challenger seeks solutions to the undesirable consequences of a $310 million fraud. On Tuesday, the company announced sacking chief operating officer Liu Jian, the alleged mastermind behind the fraud, and chief executive officer Qian Zhiya, a rare female leader of a Chinese internet firm.

China’s embattled Luckin Coffee adds lifestyle products to its menu

Once investors get a better look at cleaned-up Luckin Coffee, LK stock will be worth a buy on its massive growth opportunities. 
The post Don’t Count Luckin Coffee Stock Out Just Yet appeared first on InvestorPlace.

Don’t Count Luckin Coffee Stock Out Just Yet

The move comes not long after a major accounting scandal broke at the company.

News for Luckin Coffee Stock (LK)