Recently, lucky favour coffee is exploded to go out forge sale to make an appointment with 2.2 billion yuan, how is this to return a responsibility after all? Be in not long ago, open up of lucky favour coffee a new business thinking -- fawn tea. Announcement of lucky favour coffee is announced, an internal investigation discovers its are presiding operation official was forged sale made an appointment with 2.2 billion yuan 2019 (add up to) of 310 million dollar about. Lucky favour coffee makes a holiday from finance affairs exposing to the sun, the instant causes share price collapse, among them dish in 6 fusing, drop finally more than 75% . So serious consequence, also let a netizen must plaint, once can the lucky favour coffee with infinite scene still turn over?
Beautiful east time on April 2 evening, share price of lucky favour coffee steeps fall, US stock dish before drop for a time exceed 80% . After open quotation, share price of lucky favour coffee sparks fusing mechanism, spark 3 times continuously inside 20 minutes fusing. Up to distribute news dispatches, lucky favour coffee adds up to in dish in 6 times time-out trades, drop 68% .
The United States local time on April 2 dish before, lucky favour coffee refers superintendency file to show, after audit discovers a problem up to the annals December 31, 2019, the board of directors established a special board of inquiry.
Special committee becomes independent by 3 trustee Mr. Sean Shao, Mr.Tianruo Pu, Mr. Composition of Wai Yuen Chong, by Mr. Sean Shao holds the position of a chairman, mr. Tianruo Pu and Mr. Wai Yuen Chong was on March 27 the independent director that lucky favour coffee just appoints.
This board of inquiry says to report of board of directors, discover during 2 quarters were spent to the four seasons 2019, empty added the company 2.2 billion RMB trades the forehead, corresponding also empty increases relevant charge and expenditure. Current, investigation still is undertaking, the company will is opposite further financial data adjust undertake announcement.
Investigate discovery, the Liu of presiding operation official that luck Is hope is built and a few employee that report to him exist misfeasance, include a sale to make a holiday. The staff that Liu builds etc to involve misfeasance already by suspend sb from his duties, lucky favour expresses to will be opposite relevant responsibility person adopts law to act.
Lucky favour expresses, internal investigation still is in initial phase, its estimate what have not get independent audit orgnaization to check to what sell phonily. The special committee of this company already invited Kirkland & Ellis to become independent for its outside lawyer, FTI Consulting is expert of accountant of independent law Wu.
Admit empty is added trade the forehead 2.2 billion yuan
Lucky favour coffee refers American negotiable securities to trade now committee (the file of SEC) shows, sword of Liu of official of company presiding operation and existence of employee of its part subordinate are forged trade wait for behavior. The pace investigates certain information to make clear first, from 2019 the 2nd quarter arrives the four seasons was spent 2019, company theory added 2.2 billion RMB to trade the forehead, corresponding also empty increases relevant charge and expenditure.
Lucky favour coffee already was like data to build a holiday to encounter buy empty orgnaization is done because of doubt before this empty. This year on January 31, water of muddy of MuddyWaters Research(of buy empty orgnaization studies) say, of lucky favour coffee average every store business is in 3 quarters empty was added 2019 69% , four quarters empty was added 88% . To the accusation of muddy water, late on Feburary 3, lucky favour coffee issues clear announcement, say this report is without a basis, belong to baleful accusation.
Lucky favour is suspected of building dispatch of interiorly of false be related to say, the company expresses to astonish to the happening of this incident, current and relevant party already suspend sb from his duties and its are in charge of the job already arranging other controller take over a job, the company reserves the right that investigates its law duty further, will endeavor to reduce the negative effect of this incident. Company appeal employee does not forget first heart, "Road block and long, will come all right " .
Firm of muddy water research (Muddy Waters Research) expressed this year in January, the fraudulent action that says in view of this company place and " from the professional work that attends to had gone bankrupt at all " , it is done empty this stock
So grim situation, can lucky favour coffee still turn over? The comment points out, lucky favour coffee fears already doing not have the possibility that turn over, because be under the superintendency code of the US stock, appear on the market once the company is discovered to make a holiday, investor can initiate lawsuit, let appear on the market company and large stockholder undertake compensatory.
The intermediary group of IPO of lucky favour coffee includes: Lucky letter, Magenshidanli, medium golden international, sea connects international, combine for its bear how is the; that sell business always its audit orgnaization.
Additionally newest data shows, up to 2019 end, share share of coffee of favour of luck of hold of 158 orgnaizations investor, hold a gross to amount to 460 million, than amounting to 23.93% . And 2019 3 quarters end, only stock of coffee of favour of luck of hold of 94 orgnaizations investor, hold a gross to also be 300 million only.
This is meant, only the four seasons was spent 2019, 64 orgnaizations are entered newly enter, was buried to be by hole nowadays.
In the orgnaization maintaining a warehouse of lucky favour coffee, data shows, up to 2019 end, in all 12 orgnaizations hold exceeds ten million stock of lucky favour coffee, have silver of American bank, luck already among them such international is famous cast row, also there is no lack of fund of investor of research of capital of whole world of Capital Research Global Investors() , Gu loose capital such famous to pouring fund. (Integrated media reports source: Net of sina net China)
