NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of MINISO Group Holding Limited (“MINISO” or the “Company”) MNSO. Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether MINISO and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around October 15, 2020, MINISO conducted its initial public offering, selling 30,400,000 American depositary shares (“ADSs”) priced at $20.00 per ADS. Then, on July 26, 2022, during trading hours, market researcher Blue Orca Capital published a report on the Company which alleged several issues with the Company.
On this news, MINISO’s ADS price fell $1.08per ADS, or 14.98%, to close at $6.13 per ADS on July 26, 2021, on unusually heavy trading volume.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
888-476-6529 ext. 7980