GIC-backed PRC coffee chain to be delisted from NASDAQ over US$310 million fraud - The Online Citizen

Last Friday (15 May), the New York’s NASDAQ exchange sent notice to China-based Luckin Coffee that it will proceed to delist the company’s securities from its exchange. The loss-making company was publicly listed only for about a year, in May last year (‘Luckin Coffee’s founder says sorry as Nasdaq prepares to kick out his stock […]

from Opinion Archives - The Online Citizen
Read The Rest:theonlinecitizen...