Luckin Coffee has ousted its chairman and named a new chief executive, as the company tries to draw a line under an accounting scandal that has rocked its business.
Hong Kong
The embattled Chinese coffee chain named Jinyi Guo chairman and CEO, after shareholders voted to remove co-founder and former chairman Charles Zhengyao Lu, Luckin said in a regulatory filing on Monday.Chinese coffee company Luckin will be delisted after defrauding investorsLuckin went public last year and surged due to what appeared to be strong sales growth.
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