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Conyers provided British Virgin Islands and Cayman Islands legal advice to CICC Hong Kong Finance (Cayman) Limited in connection with its US$40 million senior-share backed loan facility granted to Luckin Coffee Inc. (“Luckin Coffee”).
Luckin Coffee was founded in October 2017. By May 2019, it owned approximately 2,400 stores across 28 cities in the People’s Republic of China and is the second largest coffee chain after Starbucks.
Counsel Wynne Lau and Associate Cathryn Minors of Conyers’ Hong Kong office advised on the matter, working alongside Davis Polk & Wardwell and Slaughter and May.