finance mandarin case study preview
Chinese Coffee Chain Luckin US Delisted

preview: executive summary

China-based Luckin Coffee delisted from the Nasdaq stock market.

The Beijing-based coffee chain received two notices from the Nasdaq about its failure to adhere to listing rules.

On 22 May 2020, Luckin requested a hearing on the issue, which had been scheduled for June 25. The day before, Luckin withdrew the hearing request and the company's shares will be suspended at the open of business on Monday.

Luckin has been embroiled in financial misconduct investigation that has sent the stock plummeting 89% over the past three months, led to the terminations of key executives, including the chief executive, and contributed to a delay in the company's annual report. Luckin stock fell more than 32% in Friday premarket trading after the delisting news.

content_filename1=fmdb/fmdb-admin-content/content_ID_4710_keypoint.php

preview: key point

The key point and your take-away from this case study 'Chinese Coffee Chain Luckin US Delisted '. Your learning combines both language skills and market knowledge.

preview: learning exercises

Active learning will accelerate your skills, and your study of 'Chinese Coffee Chain Luckin US Delisted '. Each exercise is designed to promote and strenthen your language skills. Login Required.