NYSE: MNSO

MINISO Group Holding Limited

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of MINISO Group Holding Limited (NYSE: MNSO) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with MINISO’s October 2020 initial public offering (the “IPO”). The lawsuit seeks to recover damages for MINISO investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than October 17, 2022.

If you purchased MINISO securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the Company's IPO

Deadline:

11 Days
If you purchased MINISO securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit,  the Registration Statement featured false and/or misleading statements and/or failed to disclose that:

  • defendants and other undisclosed related parties owned and controlled a much larger amount of MINISO stores than previously stated;
  • as a result, MINISO concealed its true costs;
  • the Company did not represent its true business model;
  • defendants, including the Company and its Chairman, engaged in planned unusual and unclear transactions;
  • as a result of at least one of these transactions, the Company is at risk of breaching contracts with Chinese authorities;
  • the Company would imminently and drastically drop its franchise fees; and
  • as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: MINISO Group Holding Limited
Stock Symbol: MNSO
Class Period: Pursuant and/or traceable to the Company's IPO
Court: United States District Court for the Central District of California

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Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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