Luckin shares to be delisted on Monday

Luckin Coffee

26/06/2020 14:15

June 26 (Reuters) - Luckin Coffee Inc  LK.O  said on Friday
Nasdaq Inc  NDAQ.O  notified the Chinese coffee chain that its
shares would be delisted at the open on Monday. 
    Luckin's shares, which have lost more than 85% of their
value since the company announced an internal investigation of
some employees fabricating sales, tumbled 25% in trading before
the bell. 
    The Chinese company received a second de-listing notice from
Nasdaq earlier this week after it failed to file its annual
report.   urn:newsml:reuters.com:*:nGNXwwSlY 

 (Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj
Kalluvila)
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