Luckin Coffee Inc (LKNCY)

[xgin]

Hey guys, we did have the wrong court. From a new article dated July 7th " On July 6, the British Virgin Islands Commercial Court will hear Credit Suisse’s request against Haode (holding 23.94% of Ruixing) and the entity controlled by former CEO Qian Zhiya of Summer Fame Limited (holding 15.43% of Ruixing Shares) application for liquidation. As of press time, the verdict has not been announced."

Here's why I thought it was the Cayman Islands: "On June 16, the Cayman Islands Court ruled that in view of Lu Zhengyao’s failure to repay approximately $324 million in debt by June 1, 2020, many lenders such as Credit Suisse have the right to liquidate the Primus Investments Fund and the Lu Zhengyao family’s control. Mayer Investments Fund. In addition to Primus, Lu Zhengyao's family trust Haode Investment also faces the risk of being liquidated."