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0.00218605780908437 0.00194316249696377 -0.0024289531212048 -0.0021860578090842 -0.0021860578090842 -0.0021860578090842 -0.0021860578090842 -0.0021860578090842
Stock impact report

Luckin Coffee Trading Halt to Last Until Nasdaq Requests Are Met [Yahoo! Finance News]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
) -- Luckin Coffee Inc.’s stock, which hasn’t traded since April 6, will remain frozen until it satisfies the ’s request for additional information, the stock exchange said Thursday.The formerly high-flying Chinese coffee chain is enmeshed in an accounting scandal that saw its shares plunge almost 80% last week. The , which had halted Luckin trading with a “news pending” alert, has now changed that status to “additional information requested.” The exchange declined to specify what information is being requested.Luckin last week disclosed an internal investigation into alleged misconduct by Chief Operating Officer Jian Liu, saying his team may have fabricated sales that could represent a significant portion of the company’s revenue last year.This has sparked the worst crisis in confidence for Chinese companies listed in the U.S. since a decade ago. The disclosure surprised big name backers, such as Citron Research, as well as investment banks including Morgan Stanley and Credit Suisse, Show less Read more
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