June 23, 2020 / 12:26 PM / 2 months ago

Luckin gets another de-listing notice from Nasdaq

June 23 (Reuters) - Luckin Coffee Inc disclosed on Tuesday it received a de-listing notice from the Nasdaq Inc last week after the Chinese coffee chain failed to file its annual report.

The company said in a regulatory filing it has not been able to file the report due to the delays caused by the COVID-19 pandemic and as it awaits for the result of an internal investigation on an executive fabricating annual sales. (bit.ly/3fQOMsZ)

The U.S. stock exchange had in May issued a notice to Luckin, citing concerns raised by the fabricated transactions and the company’s failure to disclose material information. (Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur)

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