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Change grinds Luckin board: Is it real or for founder's benefit?

Chairman stalls investigation by refusing long interview and not handing over phone

Luckin’s board has been in a state of turmoil ever since the company’s shock admission in early April that it had reported more than $300 million in fake sales.    © Reuters

Scandal-plagued Starbucks challenger Luckin Coffee Inc. has proposed a purge of half of its eight-member board, including its embattled chairman, as the company tries to regain investor confidence and avoid being delisted from the Nasdaq.

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