News Snapshot:
Luckin Chairman Charles Zhengyao Lu and three other board directors were removed at the extraordinary shareholders meeting. © Reuters July 6, 2020 00:56 JST | China Copy Copied Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News reported on Sunday, citing Chinese web portal 163.com. Three other board directors including Sean Shao were also removed at an extraordinary shareholders meeting in Beijing on Sunday, the report said. Ying Zeng and Jie Yang will be added as independent...
