Centurium takes control of China's Luckin Coffee
Centurium Capital is now the controlling shareholder in Luckin Coffee, having teamed up with IDG Capital and Ares SSG to take out interests formerly owned by executives of the scandal-hit Chinese coffee shop chain.
The 383.4m class A ordinary shares – held by entities under the control of Zhengyao Lu and Zhiya Qian, Luckin’s ex-chairman and CEO, respectively, and their families – were ordered to be wound up...
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