Luckin Coffee Inc (LKNCY)

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I posted the whole thing translated in 12 parts using Chrome on StockTwits. Here is an example of something you may not have known:
https://cj.sina.com.cn/articles/view/1279746217/4c4760a901900q3ly
In 2019, Lu Zhengyao pledged shares in his hand, sister and Qian Zhiya to banks such as Credit Suisse and received a loan of 533 million US dollars. On April 3, Credit Suisse issued a mandatory early repayment notice to Lu Zhengyao on behalf of its six institutions , Morgan Stanley , Goldman Sachs , and Barclays . In the two months after the notice was issued, banks such as Credit Suisse obtained about US$210 million in funds through selling shares, but there was still a gap of more than US$320 million in loans, and they subsequently initiated litigation.

According to a June 22 document from the Cayman Islands Court, the bank led by Credit Suisse Group won a court order to dissolve the entity controlled by the family of Lu Xingyao, chairman of Ruixing Coffee, and recover $324.1 million in outstanding debt.

Documents of the Cayman Islands court also show that on July 6, there will be two notices related to Ruixing. The plaintiff is Credit Suisse Group, and one of the defendants is Summer Fame Limited, which is controlled by the founder and CEO Qian Zhiya Family Trust. Qian Zhiya holds 15.43% of Ruixing Coffee; the second defendant is Haode Investments, director of Ruixing Coffee Chang Lu Zhengyao mainly holds 23.94% of Ruixing Coffee through family trust Haode Investment.

July 6 is the key point. If Credit Suisse wins the lawsuit, Lu Zhengyao and its related companies will be held by banks such as Credit Suisse, and Lu Zhengyao will lose board qualifications and voting rights.