Luckin shares to be suspended on Monday

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Luckin’s shares, which have lost more than 85% of their value since the company announced an internal investigation of some employees fabricating sales, tumbled 25% in trading before the bell.

The Chinese company received a second de-listing notice from Nasdaq earlier this week after it failed to file its annual report.

(This story corrects to say “suspended”, not “delisted”, in headline, paragraph 1)