The LK story has moved quickly since the firm acknowledged over $300m of internal fraud and continues the probe to uncover the true extent. On the morning of 7th April 2020 [Beijing Time], LK management team requested trading be halted pending news. Are we looking at a potential buyout, or bankruptcy?
~~~ References and Further Reading ~~~
https://seekingalpha.com/news/3558985-trading-halt-on-luckin-coffee
https://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx
https://www.lightspeed.com/active-trading-blog/ins-outs-trading-halts/
https://www.lightspeed.com/active-trading-blog/ins-outs-trading-halts/
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