Luckin gets another de-listing notice from Nasdaq

Luckin Coffee

23/06/2020 13:24

June 23 (Reuters) - Luckin Coffee Inc  LK.O  disclosed on
Tuesday it received a de-listing notice from the Nasdaq Inc
 NDAQ.O  last week after the Chinese coffee chain failed to file
its annual report.
    The company said in a regulatory filing it has not been able
to file the report due to the delays caused by the COVID-19
pandemic and as it awaits for the result of an internal
investigation on an executive fabricating annual sales. (https://bit.ly/3fQOMsZ)
 
    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.


 (Reporting by Nivedita Balu in Bengaluru; Editing by Arun
Koyyur)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))