Legal
Banks target Luckin Coffee ex-billionaire's family assets to recoup $709m in losses
Lenders led by Credit Suisse Group are targeting the family assets of Luckin Coffee Inc chairman Lu Zhengyao as they try to recoup losses on more than US$500 million (S$709 million) in margin loans that soured after the company became embroiled in an accounting scandal. Credit Suisse is seeking a…
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Click here to read the full story: Straits Times