Ruixing coffee rose more than 60%

Ruixing coffee rose more than 60%
On May 26, Ruixing Coffee continued to grow continuously after the opening of the market. It lasted 10:52 am local time in the United States, and Ruixing Coffee exceeded 2.23 dollars, an increase of 60.43%, the total market value is about 5.$ 5.9 billion.Obviously, before the previous plunge, Ruixing Coffee’s 52-week maximum sustainable value was 51.USD 38.On May 20, Ruixing Coffee resumed trading, and US stocks plunged about 40% after the opening, and the intraday drop reached 45% to 2 at a time.$ 40, the lowest intraday price since listing a year ago.On that day, Ruixing Coffee continued to fall and fell by 35.76%.On May 26, Ruixing Coffee rose 22% before the market and closed down nearly 31% on the previous trading day.In the evening of May 19th, Ruixing Coffee received a notice from the NASDAQ Exchange requesting that it be delisted from NASDAQ.To proceed, Ruixing Coffee plans to have an antique hearing before delisting.Lu Zhengyao, Chairman of Ruixing Coffee, wrote in the early morning of May 20, “Since starting a business, almost all the money I have earned has been invested in physical enterprises, and the funds generated from the pledge of Ruixing Coffee stocks are also used to support the business development of their respective companies.There is no personal squandering, and there is no transfer of assets. I am willing to accept any investigation.If the company withdraws from the market, the difficulties and pressures it faces will continue to increase, but in any case, I will do my utmost to maintain the operation of the store, do my utmost to recover the shareholder losses, and let the brand Ruixing continue.”Sauna, Ye Wang Wang Ziyang Picture Source Network Screenshot Editor Li Yan