Shares are excluded from trading

The rise of Chinese coffeehouse operator Luckin Coffee was meteoric. However, the company has already had its best days. The group faces a lot of trouble in the United States and China because of fraud.

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Chinese Starbucks rival Luckin Coffee made only a brief appearance on the American technology exchange. After a little over a year, the securities of the coffee house operator will be excluded from trading on the New York Stock Exchange this Monday. Actually, a hearing should have taken place last Thursday, at which Luckin Coffee wanted to make arguments against the exclusion. However, the group canceled the appointment due to the hopelessness of the situation. With that his fate was sealed.