The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Startups & Tech

Garage logo
UOB logoBEST DIGITAL NEWS START-UP, WAN-IFRA 2019 GOLD AWARD

Luckin shares to be delisted on Monday

Published Fri, Jun 26, 2020 · 03:03 PM
Share this article.

[BENGALURU] Luckin Coffee said on Friday Nasdaq notified the Chinese coffee chain that its shares would be delisted at the open on Monday.

Luckin's shares, which have lost more than 85 per cent of their value since the company announced an internal investigation of some employees fabricating sales, tumbled 25 per cent in trading before the bell.

The Chinese company received a second delisting notice from Nasdaq earlier this week after it failed to file its annual report.

Reuters

SEE ALSO
Luckin challenger Cotti pushes China’s coffee price war toward boiling point
A NEWSLETTER FOR YOU
Monday, 3.30 pm
Garage

The hottest news on all things startup and tech to kickstart your week.

KEYWORDS IN THIS ARTICLE

Nasdaq
Delist

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Startups

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here