Now, accusations of fraud, a corporate-level housecleaning and a … View the latest Luckin Coffee Inc. ADR (LKNCY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Luckin Coffee. As of January 2020, it managed 4,507 stores and exceeded the number of Starbucks stores in China. BEIJING, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (OTC:LKNCY) today commented on the first report (“Report”) provided by Alexander Lawson of Alvarez & Marsal Cayman Islands Limited and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited, who were appointed as the Joint Provisional Liquidators (“JPLs”) of the Company by the Grand Court of the Cayman Islands (the “Cayman Court”) on July 15, 2020. The Company was founded in 2017 and is based in China. News • Dec 15, 2020. The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock. Cookies help us deliver our services. Approximately 2,291,106 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 21,154,980 shares. Trading was suspended and the company was delisted from NASDAQ on 29 June 2020. Shares of Luckin Coffee Inc. (OTCMKTS:LKNCY) were up 0.8% during mid-day trading on Tuesday . One Reddit user said they lost their life savings after Luckin Coffee's plummeting shares erased €224,000 (about $252,000) from their portfolio. The […] A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the expense, timing and outcome of existing or future legal and governmental proceedings, investigations in connection with the Company; the outcome and effect of the ongoing restructuring of the Company’s financial obligations; the Company’s growth strategies; its future business development, results of operations and financial condition; the effect of the non-reliance identified in, and the resultant restatement of, certain of the Company’s previously issued financial results; the effectiveness of its internal control; its ability to retain and attract its customers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with its suppliers and business partners; trends and competition in China's coffee industry or China's food and beverage sector in general; changes in its revenues and certain cost or expense items; the expected growth of China's coffee industry or China's food and beverage sector in general; PRC governmental policies and regulations relating to the Company’s industry; the potential effects of COVID-19; and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Forward-looking statements involve inherent risks and uncertainties. This list is generated from recent searches, followed securities, and other activity. charges, SEC Settlement Clears the Way for Luckin Stock to Soar to $20. Their forecasts range from $40.00 to $56.00. On Thursday, the stock rallied further and recorded gains of 13.31%. Luckin Coffee Inc. is a Chinese coffee company and coffeehouse chain. Private Securities Litigation Reform Act of 1995. NASDAQ Updated Dec 22, 2020 9:00 PM The Stock Just Doubled, Luckin Coffee Comments on Joint Provisional Liquidators’ First Report Provided to the Grand Court of the Cayman Islands. , Forgot About Luckin Coffee? InvestorPlace. Financial performance. The SEC’s fine was a slap on the wrist. The proposal has been developed for the benefit of all stakeholders.”A copy of the JPLs Report is available on the Company’s Investor Relations website (investor.luckincoffee.com).Safe Harbor StatementThis announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. It resulted in the stock price crashing and several executives being fired. FOMC preview: Fed's words on quantitative easing 'speak louder than actions' Phone: +1 646 880 9039Media Relations:Luckin Coffee Inc. PR Email: [email protected] Trissel / Jack Kelleher Joele Frank, Wilkinson Brimmer Katcher Phone: 212 355 4449, Tip: Try a valid symbol or a specific company name for relevant results, Other OTC - Other OTC Delayed Price. Trading of the Starbucks competitor's stock was frozen on April 7, and shares have sat at $4.39 since. Mr Liu has been Luckin's chief operating officer since May 2018. 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