A company controlled by the founder of scandal-plagued Luckin Coffee Inc. has agreed to sell its 21.26% stake in one of China’s leading car rental firms, potentially raising $100 million or more for Lu Zhengyao as his business empire comes under growing financial stress.
Luckin Founder to Cash Out of Rental Car Unit
2020年06月01日 20:21
来源于
财新网
The sale of Ucar’s 21.26% stake in Car Inc. to BAIC Group could help scandal-plagued coffee chain’s founder Lu Zhengyao raise around $100 million in much-needed cash
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- Ucar had originally planned to sell down most of its stake in Car Inc. to an entity owned by U.S. private equity giant Warburg Pincus, which was also one of Car Inc.’s early investors.
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