Luckin’s fortunes have crashed since an internal probe showed much of its 2019 sales were fabricated and overestimated by 2.2 billion yuan . Haode then defaulted on the loan that had been secured by millions of Luckin shares.
Goldman Sachs had been appointed to oversee the stock’s sale but Luckin had been suspended from trading on the Nasdaq for more than a month until Wednesday night.
Nobody Lalk to me until I have my Luckin coffee!
Why at this pandemic time?
Never heard of it.
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Source: BusinessInsider - 🏆 729. / 51 Read more »