Luckin Coffee is exploring plans to re-list its shares in the US, nearly two years after an accounting scandal in which the Chinese coffee chain fabricated more than $300 million of sales, the Financial Times reported.
Once touted as the biggest challenger to Starbucks’ dominance in China, Luckin was delisted from the Nasdaq exchange in June 2020 and six months later agreed to pay $180 million to settle fraud charges with the Securities and Exchange Commission.
Read the full report: Financial Times.
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