China's Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday ...
China's Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it.
Ucar, in which Lu is chairman and CEO, said in a statement late on Monday that the company applied to halt trading in its shares to avoid abnormal price fluctuations and protect investor interest amid media reports on the company.Chinese media reports have linked the firm with Luckin, which said last week an internal investigation revealed sales fabrication of about 2.2 billion yuan .
On Friday, the National Equities Exchange and Quotations , operator of the New Third Board, sent a letter to Ucar, asking it to spell out the impact of the Luckin probe on the company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China reports increase in new coronavirus cases; one deathBEIJING (REUTERS) - Mainland China reported 39 new coronavirus cases on Sunday (April 5), all but one of them imported from abroad, up from the 30 reported a day earlier, as the number of asymptomatic cases also surged.. Read more at straitstimes.com.
Read more »
Coronavirus: China says it has sold nearly 4 billion masks abroadBEIJING (AFP) - China has sold nearly four billion masks to foreign countries since March, officials said Sunday, as they tried to stem widespread fears over the quality of medical exports.. Read more at straitstimes.com.
Read more »
China says it has sold nearly 4 billion masks abroadChina has sold nearly four billion masks to foreign countries since March, officials said Sunday, as they tried to stem widespread fears over the ...
Read more »
China rights lawyer released after five years in jailA leading Chinese human rights lawyer has been released from prison after almost five years behind bars, his wife said Sunday.
Read more »
China rights lawyer released after five years in jailBEIJING (AFP) - A leading Chinese human rights lawyer has been released from prison after almost five years behind bars, his wife said on Sunday (April 5).. Read more at straitstimes.com.
Read more »
CapitaLand reopens all China malls, posts rise in residential salesPROPERTY group CapitaLand has reopened all its malls in China that were previously shut due to the country's coronavirus lockdown. Read more at The Business Times.
Read more »