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The company's ongoing projects include an overall energy upgrade system launched by China Huadian Corp Co and China's high-speed rail's telecommunication control system. In addition, the company is banking on expansion of high-speed rail projects to Belt and Road economies such as Indonesia.

The company plans to appeal to a Nasdaq hearings panel and will remain on the US bourse pending a ruling, Luckin Coffee added.

The company said it plans to bring the total number of certified stores to 140 in China by the end of 2019 covering more than 35 cities in the country.

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The company said its total investment for the acquisition would be 600 million pounds (3 million). For the proposed acquisition, it joined hands with its parent company — China Resources, forming a consortium.

The company said the outbreak will have a limited impact on its operations and production. It is now effecting gradual resumption of work at its plants nationwide.

The company is scheduled to deploy 1,000 bikes to Astana, capital of Kazakhstan, for a trial run, while simultaneously launching the Russian edition of the ofo app.

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The company signed a cooperative agreement with Alibaba Cloud (AliCloud), the cloud-computing arm of China’s internet giant Alibaba Group Holding Ltd, Tuesday, in establishment of data network, internet financial services and intelligent customer services.

The company received more than 260 bookings from overseas visitors last year, and Keenlyside plans to expand her business further by establishing an office in Japan.

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The company's recycled products including cement and bricks have passed quality tests and have been exported to countries including Pakistan and Kenya.

The company's Fuling shale gas field, the nation's first commercial shale gas production facility which was launched in 2014, will reach annual output of more than 10 billion cubic meters by the end of this year, it said.