Tag: #Centurium Capital

Showing 2 of 2 posts with this tag

Luckin Coffee to Pay $180 Million to Settle Accounting Fraud Charges

Chinese beverage chain Luckin Coffee filed a document on Friday with the SEC, showing that the company had met conditions for reaching a settlement agreement whereby it will pay a fine of $180 million.

2/6/20222 min read

#fraud investigation #listing

Industry

Centurium Capital Gains Control of Chinese Beverage Firm Luckin Coffee

A consortium led by Centurium Capital, a Beijing-based investment company, now owns more than 50% of domestic beverage chain Luckin Coffee, which was previously plagued by a series of scandals.

1/28/20222 min read

#Coffee Chain #beverage