NEW ORLEANS, Sept. 13, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, is reminding investors they have until October 17, 2022 Lead Plaintiff motions to file in a securities class action lawsuit against MINISO Group Holding Limited (NYSE: MNSO) if they purchased or acquired the Company’s securities pursuant to and/or traceable to the Company’s October 2020 IPO (the “IPO”) . This lawsuit is pending in the United States District Court for the Central District of California.

get help

MINISO investors should visit us at https://claimsfiler.com/cases/nyse-mnso/ or call toll free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.

About the lawsuit

MINISO and certain of its officers are accused of failing to disclose material information in its IPO registration statement in violation of federal securities laws.

On July 26, 2022, market researcher Blue Orca Capital reported a variety of issues affecting the China-based company, including that “there is overwhelming evidence that MINISO is misleading the market about its core business” and that “Chinese company records also indicate, in our opinion, the chairman siphoned hundreds of millions from the public company through opaque Caribbean jurisdictions as an intermediary in a crooked deal with headquarters,” among others.

On the news, the price of MINISO’s American Depositary Shares fell $1.08, or 14.98%, to close at $6.13 on unusually high trading volume.

The case is Ashraf v MINISO Group Holding Limited, No. 22-cv-05815.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as an information resource to help retail investors recover their share of billions of dollars in securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to access information and comparison websites for various securities class actions so that they can file in a timely manner…