China's Luckin Coffee seeks US Chapter 15 bankruptcy protection

China's Luckin Coffee seeks US Chapter 15 bankruptcy protection

FILE PHOTO: A cup of 'Luckin Coffee' coffee is poured during the company's IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid/File Photo

China’s Luckin Coffee Inc, whose explosive growth was derailed last year by accounting fraud, said on Friday it is seeking protection under Chapter 15 of the U.S. Bankruptcy Code.

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