Is it possible for Luckin Coffee to be delisted?

Luckin Coffee has been delisted so far, and the company will officially cease trading on June 29, 2020, and file for delisting.

I believe that Credit Suisse Coffee will not be delisted, although the situation has been hit hard, but I believe that it can be quickly dealt with and returned to normal

Luckin Coffee may still be delisted, as it is still difficult to stay afloat.

On April 2 this year, Luckin blew itself up for financial fraud and was labeled as "the biggest fraud scandal in the history of Chinese concept stocks" and "national shame". Subsequently, Luckin Coffee was suspended on the NASDAQ and delisted. Everyone thought that it was over, and Luckin was going to be finished.

As a result, on August 8, Luckin held a meeting at its headquarters in Xiamen and delivered a set of data: more than 4,000 stores across the country are open as usual, more than 30,000 employees arrive on time and normally, and the cash flow of Luckin single store has turned positive in July. After investigation and statistics, the management came to the following conclusions:

In 2021, Luckin will be profitable overall.

In other words, although it has encountered financial fraud and has encountered a delisting turmoil, Luckin Coffee is not as miserable as people think. Today, with the global epidemic and economic downturn, Luckin not only did not fall, but also seemed to be doing well.

Is it a fraud again? Or is it a way to entice people to take over?

Sells 550 cups of coffee a day.

Hearing is false, seeing is believing. Then walk into the nearest Luckin Coffee and take a look.

When you open the Mini Program, you will find that not only can you place an order, but also have a lot of new flavors. You place an order, although there is no discount, but it will not be the full price.

The whole process is very smooth: the mini program will not be used to place an order and pay, the stores are open normally, and the pick-up code is pressed under the coffee, which is almost exactly the same as before.

What's even more amazing is that in October, the average number of cups per day at the Luckin store in Beijing was 550.

What is this concept? According to Luckin's own break-even indicators, the average daily sales volume of a single store is 200 cups, and the daily turnover is 2,600 yuan. It seems that Luckin has really not only not lost money, but also made money.

Then do the math. The coffee in the store, plus rent, water, electricity, labor and other expenses, the comprehensive cost of a single cup is about 9-10 yuan. Although there is no large discount coupon for Luckin now, it costs 13-14 yuan to buy a cup, which can really support itself.

Luckin Coffee is already on the market. On the evening of May 17, 2019, Luckin Coffee, which has only been officially open for one year, was listed on the NASDAQ in New York, setting a record for the fastest listing of a Chinese coffee brand since its inception to the U.S. stock market, with a total of 100 million US dollars and a market value of 100 million US dollars. [Click to learn more about the opening of Luckin Coffee.]

1. Listed companies are shares. Shares can be unlisted enterprises, but listed companies must be shares. Listed companies are subject to the approval of the competent authorities.

According to the provisions of the Company Law, the listing of shares must be approved by the supervision and management department authorized by *** or ***. It is not allowed to be listed without approval. Issued by listed companies are listed and traded on the exchange.

The issued shares are not traded on the ** exchange and are not listed shares.

2. Compared with ordinary companies, the biggest feature of listed companies is that they can use the best market to raise funds and widely absorb idle funds in the society, so as to rapidly expand the scale of enterprises and enhance product competitiveness and market share rate. Therefore, after the development of shares to a certain scale, the company's public listing on the exchange is often regarded as an important strategic measure for enterprise development. From the perspective of international experience, almost all of the world's famous large enterprises are listed companies.

For example, 95% of the Fortune 500 in the U.S. are publicly traded companies. First of all, a public company is also a company and a part of a company.

3. From this point of view, companies can be divided into listed companies and unlisted companies. Secondly, listed companies divide their assets into several parts and trade them on the ** market. Everyone can buy shares in this company and become a shareholder of the company.

Listing is an important channel for companies to raise funds; Unlisted companies cannot be traded on the exchange (Note: all companies have a shareholding ratio: state investment, individual investment, bank loans, venture capital).

4. Listed companies need to regularly disclose relevant information such as company assets, transactions, and annual reports to the public, while non-listed companies do not. Finally, when it comes to profitability, we can't absolutely say who is good and who is bad. Listing does not mean that profitability is strong, and not listing does not mean that there is no profitability.

Of course, companies with strong profitability are more likely to go public.

5. The shares have been publicly issued to the public with the approval of the supervision and management department; The total share capital of the company shall not be less than 30 million yuan; The shares issued to the public account for more than 25% of the total number of shares of the company; If the total share capital exceeds 400 million yuan, the proportion of public issuance shall be more than 10%; The company has no major violations in the past three years, and there are no false records in the financial and accounting reports.

May 17, 2019, Luckin Coffee.

Officially on the NASDAQ in the United States.

On Bimo City, the IPO issue price is $17.

Luckin Coffee is a domestic emerging coffee brand created by Qian Zhiya, the former COO of UCAR Group.

June 18, 2018, Xiamen, Fujian Province.

Siming District and Luckin Coffee (China) **** signed a project cooperation agreement, and the national headquarters of Luckin Coffee officially settled in Xiamen, Fujian Province.

On December 12, 2018, Luckin Coffee announced the completion of a $200 million Series B financing with a valuation of $2.2 billion.

Luckin Coffee was listed and traded on the NASDAQ exchange in the United States on May 17, 2019, trading ** "LK".

The reason for the resumption of trading of Luckin Coffee is that:Affected by the previous financial fraud incidentandLuckin Coffee has never had a viable business model

1. The impact of the previous financial fraud incident

On April 2, Luckin Coffee admitted financial fraud of 2.2 billion yuan, and the stock price once exceeded 80%, triggering a circuit breaker to suspend trading, and then had to announce the suspension of trading, returning home only in US dollars, and the market value was only about 1.1 billion US dollars, only one-tenth of the more than 11 billion US dollars at its peak.

Industry insiders analyzed that Luckin Coffee has almost no turnaround, probably becauseFinancial fraud is a serious problem of violating audit compliance, and compliance is a very important bottom line of survival.

Second, Luckin Coffee has never had a viable business model

has made everyone lose trust in this company, and the stock price ** is also reasonable, which does not include punishment.

This should be expected, first of all, self-exposure of financial fraud, which has made everyone lose trust in this company, and the stock price ** is also reasonable.

Because Luckin Coffee itself is a big **, the means used by capitalists to circle money, the purpose of making money has been achieved, this tool is useless, you can continue the same routine, change the soup without changing the medicine, and then engage in another company to continue to make money.

Once the credit is lost, it will be difficult to get it back, **normal d, brother, run away.

Such a serious fraud is not only **, but delisting is a great possibility.

Luckin Coffee is shameless, and we have lost trust in them.

Because doing short stocks is a particularly profitable business on Wall Street, the United States welcomes companies to go public in the United States, but some Chinese concept stocks are fraudulent in their performance, and flies do not stare at seamless eggs, and it is also legal to short in the United States, and you can also make money. So this is the way the capital market plays.

Otherwise, can the stock price skyrocket after financial fraud?

That's not everyone's financial fraud.

Use your brain to ask questions.

In fact, since Risecr removed it, Luckin Coffee has come to an end, because when a ** exchange reconsiders a brand, it is not only his own consideration, but also the consideration of shareholders, just like doing multiple choice questions, the teacher always says don't re-look at multiple choice questions, unless you are particularly sure, so Luckin stands on the opposite side of Starbucks, where does it come from.

The magic of Wonder Inc. doesn't need a reason.

Many people sell it, and the United States does not have a suspension system like China, so many people must sell directly dozens of points.

So why are so many people selling? There are also financial problems and the problems of the company itself, and there are special short-selling institutions abroad, which is normal for the United States.

The exchange requires delisting. Those who hold positions can only scramble for their lives.

Because everyone drank it down, almost.

For capital, **always**.

Because of financial fraud, it leads to a chain reaction!

The other disadvantage is that it is too expensive.

Didn't you say that you have to delist, isn't it normal to fall?

Do you want to skyrocket after doing such a thing?

1. Reason: The investigation of the Luckin Coffee fraud case involved Chairman Lu Zhengyao, and then the executives and board of directors of Luckin Coffee frequently appeared "personnel **", which caused Luckin Coffee to be unable to continue to operate, so it was delisted.

On the morning of June 27, Luckin Coffee said in its official statement that it would suspend trading on the Nasdaq on June 29 and withdraw from the Orange City for filing. In addition, Luckin Coffee said that in terms of the consumer market in Guozai, more than 4,000 stores of Luckin Coffee across the country will operate normally.

3. Luckin Coffee announced the day before that it had withdrawn its hearing request to Nasdaq on June 24 and no longer sought to revoke or shelv the exchange's delisting decision, and Luckin Coffee would be suspended on June 29.

On the evening of May 19, the NASDAQ exchange notified Luckin Coffee of an excerpt. Next, did Jintou introduce Luckin Coffee to be forced to withdraw from the market by Paigao?

There has been a new development in the financial fraud case of Luckin Coffee. On the evening of May 19, Luckin Coffee announced that it received a delisting notice from the Nasdaq exchange on May 15, and the company plans to hold a hearing on it, and Luckin will continue to be listed on the Nasdaq until the results of the hearing are out. Nasdaq halted trading on April 7 and now plans to resume trading on Luckin Coffee at 7 a.m. ET on May 20.

According to past U.S. stock counterfeiting cases, Luckin Coffee has withdrawn from the market. In addition, Luckin is facing high litigation damages, with 14 overseas investors recently suing Luckin Coffee in Hong Kong**.

Regarding the news that Luckin Coffee was asked by Nasdaq to leave the market, Lu Zhengyao, chairman of Luckin Coffee, issued a statement that Nasdaq asked the company to leave the market before the final investigation results, feeling disappointed and regretful. He also believes that Luckin Coffee's business model and business logic are valid, and that Luckin Coffee's revenue has continued to increase every year since its operation. In addition, Lu Zhengyao also mentioned that if Rising withdraws from the market, the difficulties and pressures it faces will continue to increase.

However, no matter what, they will do their best to keep the store running, do their best to recover the losses of shareholders, and let the Rising brand go on.