Question
FIN 4203 CORPORATE FINANCE -INDIVIDUAL ASSIGNMENT Instructions : You are assigned to research and write a paper about LUCKIN COFFEE COMPANY here in China. Answer
FIN 4203 CORPORATE FINANCE -INDIVIDUAL ASSIGNMENT
Instructions: You are assigned to research and write a paper about LUCKIN COFFEE COMPANY here in China. Answer the following information with details:
(1.) Company History/Background CEO & other members. 20 points
(2.) How many employees & locations do they have? 20 points
(3). Research and see if you can find any information about LUCKIN financial reporting to the SEC. Did they have aggressive accounting, and/or deceptive accounting which lead to fraudulent financial reporting? 20 points
(4). Determine the cost in monies the company paid in fines to the SEC, government, shareholders, and losses that LUCKIN COFFEE had previously in earlier years when the company was publicly traded on the stock exchange market. Research and explain what happened for the company to be delisted from the stock exchange market, the SEC, etc. 20 points
(5) Why is manipulation of financial statements not only unethical and illegal, but also bad for stockholders? Did LUCKIN COFFEE COMPANY do any manipulations? 20 points
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