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Banks stand to lose more than $100M from a loan they made to the chairman of Luckin Coffee (NASDAQ:LK), whose share price plunged more than 80% last week after the Chinese coffee chain said much of its 2019 sales were fabricated.CH0522703674 Al prezzo attuale potrebbe essere una scommessa?
Ho visto che luckin giusto qualche giorno fa ha perso molto. Contesto in generale o qualche notizia particolare?
A margin call earlier against Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian led to the loss of control of 515,355,752 class B shares and 95,445,000 class A shares.
"In hindsight, Wall Street probably shouldn't have let Luckin Coffee's chairman have more or less unfettered access to half a billion dollars with now-plunging Luckin shares as collateral," tweeted WSJ's Jonathan Cheng.