Luckin Coffee’s board is forcing out its chairman (also, chairman is forcing out the rest of the board)

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Sometimes you just can’t get a [L]uckin’ break. After announcing this morning that it is ending its fight to stay listed on Nasdaq, China-based coffee chain and delivery company Luckin Coffee announced in a filing with the SEC that it is requiring that its chairman, Lu Zhengyao, resign. It also announced in its SEC filing […]

Posted from: this blog via Microsoft Flow.

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