Luckin Coffee receives delisting notice from NASDAQ

Luckin Coffee announced on the evening of May 19 that the company received a delisting notice from the NASDAQ Exchange on May 15.

Luckin Coffee announced on the evening of May 19 that the company received a delisting notice from the NASDAQ Exchange on May 15.

The company plans to hold a hearing on this issue, and will continue to list on the NASDAQ until the results of the hearing are released.

On April 2, 2020, Luckin Coffee issued an announcement admitting financial fraud of RMB 2.2 billion. On April 7, Luckin Coffee announced its suspension.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/20/luckin-coffee-receives-delisting-notice-from-nasdaq/.

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