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

Luckin Coffee

19/05/2020 13:42

May 19 (Reuters) - Nasdaq Inc  NDAQ.O  has delivered a
notice to China's Luckin Coffee Inc  LK.O  informing it that it
has to delist from the U.S. stock exchange, people familiar with
the matter said on Tuesday.
     Luckin Coffee, which had a U.S. IPO in early 2019,
announced last month that an internal investigation had shown
its chief operating officer and other employees fabricated sales
deals.  urn:newsml:reuters.com:*:nL4N2CU3FK
    The sources requested anonymity ahead of an official
announcement. Luckin Coffee and Nasdaq did not immediately
respond to requests for comment.

 (Reporting by Julie Zhu in Hong Kong and Echo Wang in New York
Editing by Chizu Nomiyama)
 ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters
Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net))