Lucky technical staff revealed: now the holidays on duty to clock in

category:Internet
 Lucky technical staff revealed: now the holidays on duty to clock in


On July 5, the results of the special shareholders meeting of Ruixing coffee showed that Lu Zhengyao, chairman of the board of directors, was removed, Li Hui, Liu Erhai and independent director Shao Xiaoheng were removed from the appointment of directors.

The Red Star capital Bureau noted that the shareholders meeting of removing the chairman was actually initiated by Lu Zhengyao himself, and the outcome of the meeting was also beneficial to Lu Zhengyao. Next, Lu Zhengyao has to face the verdict of the court of the Cayman Islands

Delisting of US stocks, competition for control Ruixing coffee, which is troubled by troubles, has also encountered a crisis in its internal management.

On July 5, lucky employees disclosed to the Red Star capital bureau that his post used to implement the irregular working system, and now he is required to punch in on holidays. Prior to this, lucky has also been trapped in shop closures and layoffs.

With the adjustment of the companys business strategy, some departments are involved in the transfer and optimization of personnel, and the turnover of some employees is a normal personnel flow. Ruixing coffee is indeed carrying out normal store optimization, closing down and transferring individual stores with poor benefits or overlapping customer coverage, and continuously opening new stores. On July 6, Ruixing replied to the Red Star capital Bureau.

Employee disclosure:

Clock in from irregular working system to holiday duty

When Lu Zhengyao and others fought for the control of Ruixing, the internal management of Ruixing began to change quietly.

On July 5, an employee of Ruixing told the Red Star capital bureau that the assessment mechanism of employees had changed since Ruixing stopped trading.

Back on June 26, Ruixing decided to withdraw his application for the hearing, giving up the chance of last resort and accepting the fate of delisting. On that day, after triggering six fuses, the final figure was fixed at $1.38/share, with a market value of $347 million. Compared with the peak value of $51.38/share and the market value close to $13 billion, there is only a fraction left.

On the evening of June 29, lucky coffee officially stopped trading on the NASDAQ Exchange and filed for delisting, ending its 400 day journey to the capital market.

On June 27, lucky coffee also made a statement on its official microblog, saying that in terms of the domestic consumer market, more than 4000 stores of lucky coffee will operate normally, and nearly 30000 employees will continue to provide users with high-quality products and services.

Data map, according to Dongfang IC

However, behind normal operation, internal adjustment has already begun.

The above-mentioned employee told the Red Star capital bureau that since his position belongs to the technical category, he had been working in an irregular working system before that: call us when there is a problem in the store, and we will go directly to the specific store to solve it.. But he said that from the beginning of the delisting record of lucky, the company began to require them to punch in to work.

Not only do I have to punch in on weekdays, but now I have to punch in on weekends. The above-mentioned employees told the Red Star capital bureau that the management did not explain this requirement. As to whether it would affect wages, performance and other income, he did not know, he did not say why, nor did he say that it had any impact. It is only required to implement this requirement at present.

Previously, the news that Ruixing closed 80 stores in Beijing also attracted media attention.

On July 6, Ruixing replied to the Red Star capital bureau that Ruixing coffee is indeed carrying out normal store optimization, closing and turning off individual stores with poor benefits or overlapping customer coverage, and continuously opening new stores, which is also the direction of strategic adjustment of the companys stores.

As for the rumor of layoffs, Ruixing replied to the Red Star capital Bureau, saying that with the adjustment of the companys business strategy, some departments involved in the transfer and optimization of personnel, and the resignation of some employees was a normal staff flow.

For the employees who leave the company, lucky coffee will fully communicate and negotiate with the employees in accordance with the relevant national laws, and give economic compensation. Rui said.

Lu Zhengyao was dismissed by himself

The latest news about Ruixings infighting is that Lu Zhengyao succeeded in removing himself at the interim general meeting of shareholders.

On the afternoon of July 5, Ruixing held a special shareholders meeting in Beijings Shenzhou Youche headquarters building to consider the removal of Lu Zhengyao, Liu Erhai, Li Hui and Shao Xiaoheng, the four directors and independent directors.

Lu Zhengyao, according to the global network

According to the Red Star capital Bureau, before the general meeting of shareholders, the board of directors of lucky coffee was composed of eight people, including Lu Zhengyao, Guo Jinyi, Wu Gang, Cao Wenbao, Liu Erhai, Li Hui, Shao Xiaoheng and Zhuang Weiyuan.

Among them, Lu Zhengyao, Guo Jingyi, Wu Gang and Cao Wenbao belong to the management of Ruixing coffee; Liu Erhai and Li Hui were once called iron triangle together with Lu Zhengyao, both of whom are institutional shareholders of Ruixing; Shao Xiaoheng and Zhuang Weiyuan are two independent directors of Ruixing.

According to the data, Guo Jinyi, who took over the post of CEO, was the assistant of Lu Zhengyao in renting a car in Shenzhou. Cao Wenbao and Wu Gang were newly appointed board members in May, both of whom were in charge of the companys business. Ying Zeng and Jie Yang are also regarded as Lu Zhengyaos own people.

In this regard, a person close to lucky coffee told the media, Lu Zhengyao is a major shareholder. He nominates two new independent directors and then leaves office by himself. In fact, it has no impact on Lu Zhengyao himself.

23.94% equity of Lu Zhengyao to be sentenced

What kind of situation should Lu Zhengyao face after the general meeting of shareholders?

A person familiar with the matter told the media that Li Hui and Liu Erhai, after receiving the report on Ruixings fraud submitted by Ernst & young, supported the publication of the results and Shao Xiaohengs leadership of an independent investigation committee to investigate the origin of the fraud in detail. All of these are contrary to Lu Zhengyaos opinions.

After problems were found in the audit of Ruixings financial report in 2019, a special committee was set up to investigate the internal problems. According to Ruixings previous announcement, the special committee is composed of three independent directors, Shao Xiaoheng, Pu tianruo and Zhuang Weiyuan.

After the battle of the shareholders meeting, 23.94% of Lu Zhengyaos shares need to face the judgment of the court of the Cayman Islands.

Back in 2019, Lu Zhengyao mortgaged his shares, his sisters shares and Qians shares to Credit Suisse and other banks, and obtained a loan of $533 million. On April 3, Credit Suisse issued a mandatory prepayment notice to Lu Zhengyao on behalf of six institutions, including Morgan Stanley, Goldman Sachs and Barclays.

According to media reports, the bank led by Credit Suisse Group won a court order to dissolve the entity controlled by Luc coffee Chairman Lu Zhengyaos family and recover $324.1 million of outstanding debt, according to a document issued by the court of the Cayman Islands on June 22.

If Lu Zhengyaos shares are liquidated, he will no longer be the actual controller of Ruixing.

At that time, the new largest shareholder could initiate a new board of directors and shareholders meeting.

Red Star News reporter Xu Yuan Yu Yao

Editor Chen Cheng