The Traderszone Network

BEIJING, Dec. 14, 2021 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (in Provisional Liquidation) (“Luckin Coffee” or the “Company”) (OTC: LKNCY) announced today that the Grand Court of the Cayman Islands (the “Cayman Court”) has sanctioned the scheme of arrangement (the “Scheme”) proposed by Luckin Coffee with the support of its Joint Provisional Liquidators,1 in relation to the restructuring of its $460 million 0.75% Convertible Senior Notes due 2025 (“Existing Notes”).

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