SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

BRIEF-Luckin Coffee's Restructuring Efforts Move Forward With Commencement Of Its Chapter 15 Case In U.S.

· 02/05/2021 03:46
BRIEF-Luckin Coffee's Restructuring Efforts Move Forward With Commencement Of Its Chapter 15 Case In U.S.

- Luckin Coffee Inc:

  • LUCKIN COFFEE’S RESTRUCTURING EFFORTS MOVE FORWARD WITH COMMENCEMENT OF ITS CHAPTER 15 CASE IN THE UNITED STATES

  • LUCKIN COFFEE INC - ALL COMPANY STORES REMAIN OPEN AND SERVING CUSTOMERS IN CHINA; NO MATERIAL IMPACT ON DAILY OPERATIONS EXPECTED

  • LUCKIN COFFEE - COMPANY CONTINUES TO MEET TRADE OBLIGATIONS IN ORDINARY COURSE OF BUSINESS, INCLUDING PAYING SUPPLIERS, VENDORS AND EMPLOYEES

  • LUCKIN COFFEE INC - COMPANY IS NEGOTIATING WITH ITS STAKEHOLDERS REGARDING RESTRUCTURING OF COMPANY'S FINANCIAL OBLIGATIONS

  • LUCKIN COFFEE - RELIEF WILL PROMOTE CENTRALIZED ADMINISTRATION OF CO'S ASSETS BY PERMITTING COORDINATION BETWEEN CAYMAN COURT, U.S. BANKRUPTCY COURT

Source text for Eikon: ID:nGNXccc6wL

Further company coverage: [LC0Ay.MU]


((Reuters.Briefs@thomsonreuters.com;))