Sunday 28 April 2024
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accounting scandal

Luckin Coffee chairman Charles Zhengyao Lu was sacked by shareholders in an EGM

MILAN – Luckin Coffee chairman and founder Charles Zhengyao Lu was ousted in an EGM held Sunday in Beijing. Three other board directors including...

Luckin Coffee may be facing bankruptcy and delisting due to accounting scandal

MILAN – Luckin Coffee Inc. is in danger of being delisted and potentially even going bankrupt following revelations of a huge accounting scandal revealed...

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