NEW YORK, Sept. 04, 2022 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of MINISO Group Holding Limited (NYSE: MNSO) pursuant to the registration statement and related prospectus (collectively, the ” Registration Statement”) issued in connection with MINISO’s October 2020 IPO (the “IPO”) of the important October 17, 2022 deadline for lead applicants.
AND THEN: If you have purchased MINISO securities, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the MINISO class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=7814 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as a lead plaintiff, you must move the Court no later than October 17, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the registration statement contained false and/or misleading statements and/or failed to state that: (1) the undisclosed defendants and other related parties owned and controlled significantly more significant number of MINISO stores than previously indicated; (2) as a result, MINISO concealed its true costs; (3) the Company has not represented its true business model; (4) defendants, including the Company and its President, engaged in unusual and unclear planned transactions; (5) as a result of at least one of these transactions, the Company risks breaking contracts with the Chinese authorities; (6) the Company would imminently and drastically reduce its franchise fees; and (7) as a result of the foregoing, defendants’ statements regarding the Company’s business, operations and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the MINISO class action, go to https://rosenlegal.com/submit-form/?case_id=7814 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827