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Luckin faces effort to delist company from Nasdaq · TechNode


Luckin Coffee has received notice from the Nasdaq stock exchange that the Xiamen-based coffee chain will be delisted. The announcement comes one day after a Reuters report claimed that the exchange will announce new rules that will increase scrutiny for new listings.

Watch: Thin ice for US-listed Chinese tech companies: Webinar playback

Luckin announced the delisting on Tuesday, and said they will contest the decision. This will allow them to remain listed until the hearing panel comes to a decision.

John Artman is the Editor in Chief for TechNode, the leading English information source for news and insight into China’s tech and startups, and co-host of the China Tech Talk podcast, a regular discussion…
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Written by Aakash Malu

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