Luckin Coffee Trading Halt To Last Until Nasdaq Requests Are Met

From: msn.com

Luckin Coffee Inc.’s stock, which hasn’t traded since April 6, will remain frozen until it satisfies the Nasdaq’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 Nasdaq, 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.

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