According to Sina Technology, in response to the rumors of listing in Hong Kong, Ruixing Coffee issued a statement in response to deny it.
“The company’s management is focused on delivering superior products and services to customers by executing our business strategy,” Luckin Coffee said in a statement. “We remain committed to the U.S. capital markets and strive to enhance long-term value for our shareholders.Luckin Coffee will continue to monitor capital market developments and evaluate all avenues for delivering value to its shareholders, but is not currently seeking a Hong Kong listing.“
It is understood that in May 2019, Luckin Coffee was listed on Nasdaq. Affected by financial fraud, Luckin Coffee was delisted from Nasdaq at the end of June 2020. In March this year, Luckin Coffee announced the completion of the overseas temporary liquidation process.
On April 11, Ruixing Company announced that according to Chapter 15 of Title 11 of the United States Code, Ruixing Coffee Company has successfully completed the debt restructuring. With the support of creditors, the company officially ended the bankruptcy protection procedure as a debtor. .
In the news of this listing in Hong Kong, it was specifically mentioned that Luckin’s business is getting back on track.
According to the 2021 financial report released by Ruixing Coffee, for the whole year of 2021, the total net income was 7.9653 billion yuan, a year-on-year increase of 97.5%; the operating loss under non-GAAP accounting standards was 236.3 million yuan, while the 2020 fiscal year The loss was 2.4938 billion yuan. As of the end of 2021, the total number of stores has reached 6,024, including 4,397 self-operated stores and 1,627 affiliated stores.
It is worth mentioning that Gu Ailing, a Chinese delegation athlete who shined at the Beijing Winter Olympics, has signed a contract to become the spokesperson of the Luckin brand. You can often see Gu Ailing-related advertisements and posters on online channels, social media, offline stores, etc. , Humanoid stand, etc.
Hashtag: Listing Ruixing Coffee Ruixing Valley Ailing
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