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Battered Luckin Coffee gets $240 million investment

April 15 (Reuters) - China’s Luckin Coffee Inc said on Thursday it had reached a deal with investors to receive $240 million, as the coffee chain tries to recover from an accounting fraud last year that derailed its business.

Chinese private equity firm Centurium Capital will lead the investment in exchange for preferred shares, while Joy Capital will also participate, Luckin said.

Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur

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