In terms of the number of enterprises, two "Luckin Coffee" enterprises were added in 20 17, about 1.800 in 20 18, and more than 2,000 in 20 19. It is worth noting that since 2020, there are only 186 enterprises with the words "Luckin Coffee" in their newly added names, with a growth rate of -80.6% compared with the same period of last year. In addition, based on industrial and commercial registration, 99 related enterprises in China have been cancelled or revoked this year.
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Luckin Coffee was suspended today.
On the evening of June 26th, Luckin Coffee announced that the company would cancel the request to hold a hearing. At present, it has been notified by the general counsel office of Nasdaq that Luckin Coffee shares will be suspended when the market opens on June 29th. Before the closing on June 26th, the decline of Luckin Coffee reached 32.67%. Luckin Coffee triggered a fuse after the opening, and Ruixun Coffee plunged 54% at the close.
Luckin Coffee said that the company received two written notices from the Nasdaq listing qualification staff, explaining the reasons for its decision to delist the company's securities from Nasdaq. On May 22nd, the company requested an oral hearing at the NASDAQ hearing according to relevant regulations. On May 23rd, Nasdaq informed Luckin Coffee that the hearing was scheduled for June 25th, 2020.
On June 24, Luckin Coffee informed the listing qualification staff that the company decided to withdraw the above hearing request and did not seek to overturn or suspend the decision of the listing qualification staff to delist the company from Nasdaq.
In addition, in the announcement in the early morning of June 27th, Lujin Coffee said that the board of directors of the company decided to ask Lu to resign as a director and chairman, and according to Article 10 1 of the Articles of Association, a board meeting will be held on July 2nd, 2020 to consider the proposal on removing Lu from the post of director and chairman.
It is the demand of most directors of the board of directors to suggest that Lu resign and recall, and it is put forward according to the investigation results and suggestions of the special Committee of the board of directors. The recommendation of the Special Committee is based on the documents and other evidence found in the ongoing internal investigation of Luckin Coffee Company, as well as the evaluation of the cooperation of Lu Company in the internal investigation. Luckin Coffee will release the latest information about the proposed resignation and dismissal in due course.
Phoenix. com-delisting is imminent, which reveals the current situation of domestic companies in Luckin coffee.
Beijing News-Lejin Coffee was suspended today.