Luckin Coffee: Falls as coffee chain gets another de-listing notice

Luckin Coffee

23/06/2020 13:45

** China-based coffee chain's shares  LK.O  down 15.7% at
$2.68 premarket
    ** Luckin says it received a de-listing notice from Nasdaq
last week after it failed to file its annual report - SEC filing
https://bit.ly/3fQOMsZ
    ** Says delay is caused by the COVID-19 pandemic and as it
awaits the result of an internal investigation on an executive
fabricating annual sales  urn:newsml:reuters.com:*:nFWN2E0076
    ** The U.S. stock exchange had in May issued a notice to
Luckin, citing concerns raised by the fabricated transactions
and the company's failure to disclose material information
 urn:newsml:reuters.com:*:nL4N2E02WE
    ** Stock, which was halted from April 7 to May 19, has lost
92% of its value this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780 (Extn. 3478), outside U.S. +91  80 6182 3478;))