NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in MINISO Group Holding Limited (“MINISO” or the “Company”) MNSO. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation concerns whether MINISO and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On or about October 15, 2020, MINISO completed its initial public offering and sold 30,400,000 American Depositary Shares (“ADSs”) at a price of $20.00 per ADS. Then, on July 26, 2022, market researcher Blue Orca Capital released a report on the company during trading hours, claiming several issues with the company.
As a result of this news, MINISO’s ADS price fell by $1.08 per ADS or 14.98% to close at $6.13 per ADS on July 26, 2021 due to unusually high trading volume.
The Pomerantz law firm, with offices in New York, Chicago, Los Angeles and Paris, is one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as Dean of the Class Attorney’s Association, the Pomerantz firm pioneered the field of securities class action. Today, more than 80 years later, the Pomerantz law firm continues the tradition he established and fights for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomerantzlaw.com
CONTACT:
Robert S Willoughby
Pomerantz LLP
888-476-6529 ext. 7980
