Battered Luckin Coffee emerges from bankruptcy proceedings

Battered Luckin Coffee emerges from bankruptcy proceedings

FILE PHOTO: A cup of 'Luckin Coffee' coffee is poured during the company's IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid/File Photo

Luckin Coffee Inc said on Monday it had emerged from bankruptcy proceedings, two years after an accounting fraud derailed the coffee chain’s business.