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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Scandal-Hit Starbucks Rival Luckin Said To Be Scheming A US Relisting

Luckin Starbucks FT United States China

Luckin Coffee Inc (OTC:LKNCY) is planning to list its shares once again in the United States nearly two years after the Chinese company was rocked by a $300 million accounting scandal.

What Happened: The competitor to Starbucks Corporation (NASDAQ:SBUX) in China is exploring yet another listing on the Nasdaq nearly two years after the company’s shares were delisted following a $300 million accounting fraud, the Financial Times reported citing people familiar with the matter.

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