Luckin Coffee Inc (LKNCY)

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Use Chrome to translate. https://cj.sina.com.cn/articles/view/1279746217/4c4760a901900q3ly

We ain't done yet. Tomorrow morning Lu should lose all his shares and voting right with a new honest board in 21 days. I was wondering if could come up with the $324M he owes from UCAR, but it sure doesn't look like it.
"Still waking up, but did Lu get some of what he wanted? From one of my posts earlier: Part 7: On July 5, Lu Zhengyao held a special general meeting as a major shareholder. Once the resolution was passed to remove the appointment of Li Hui, Liu Erhai, and independent director Sean Shao (Shao Xiaoheng), Ruixing’s internal investigation led by the special committee would be forced to stop.

Of course, after July 6th, once Lu Zhengyao's shares are liquidated, Dazheng Capital will become the largest shareholder and can initiate a new board of directors and shareholders' meeting.

However, according to "Shenwang", there are about 15-21 days from the launch of the next shareholders meeting. Lu Zhengyao can at most win a buffer period of about 21 days for himself.

And UCAR. From the new Yahoo article I would say Lu is not going to be able to come up with the cash for the 324M he owes and the court will relieve him of all his shares. There will be a new board in 3 weeks. "Lu last month resigned as chairman of Car Inc., China’s biggest rental-car fleet operator, as scrutiny increased over Luckin and the accounting scandal. A Beijing court has frozen Lu’s entire stake in Car Inc.’s parent, UCAR Inc., for judicial reasons."
https://finance.yahoo.com/news/luckin-coffee-shareholders-vote-remove-135913957.html