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MNSO CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Reminds MINISO Group Holding Limited Shareholders of Securities Fraud Class Action LawsuitThe law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the against MINISO Group Holding Limited ("MINISO ") (NYSE: MNSO). The action charges MINISO with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of MINISO's materially misleading statements and omissions to the public, MINISO investors have suffered significant losses. CLICK HERE TO SUBMIT YOUR MINISO LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://ktmc.com/new-cases/miniso-group-holding-limited?utm_source=PR&utm_medium=link&utm_campaign=miniso&mktm=r TO VIEW OUR VIDEO, PLEASE CLICK HERE LEAD PLAINTIFF DEADLINE: OCTOBER 17, 2022 CLASS PERIOD: OCTOBER 15, 2020 THROUH AUGUST 17, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Kessler Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
MINISO'S ALLEGED MISCONDUCT
On July 26, 2022, market researcher Blue Orca Capital published a report on MINISO which alleged several alarming issues with MINISO, including that: 1) many MINISO stores are secretly owned by MINISO executives or insiders closely connected to the chairman; 2) MINISO misleads the market about its core business; and 3) based on Blue Orca's analysis, MINISO's Chinese corporate filings indicate that the chairman siphoned hundreds of millions from the public company through opaque Caribbean jurisdictions as the middleman in a crooked headquarters deal. As of July 27, 2022, MINISO ADSs closed at $5.66 per ADS, representing more than a 70% decline from the $20.00 IPO price.
WHAT CAN I DO?
CLICK HERE TO SIGN UP FOR THE CASE
WHO CAN BE A LEAD PLAINTIFF?
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
View source version on businesswire.com: https://www.businesswire.com/news/home/20220826005085/en/ |