NEW
YORK, Sept. 30, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of MINISO Group Holding Limited
(NYSE: MNSO).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/miniso-group-holding-limited-loss-submission-form/?id=32226&from=4
This lawsuit is on behalf of persons or entities who purchased
or otherwise acquired publicly traded MINISO securities pursuant
and/or traceable to the registration statement and related
prospectus issued in connection with MINISO's October 2020 initial public offering.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
October 17, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, MINISO Group Holding Limited
issued materially false and/or misleading statements and/or failed
to disclose that: (1) defendants and other undisclosed related
parties owned and controlled a much larger amount of MINISO stores
than previously stated; (2) as a result, MINISO concealed its true
costs; (3) the Company did not represent its true business model;
(4) defendants, including the Company and its chairman, engaged in
planned unusual and unclear transactions; (5) as a result of at
least one of these transactions, the Company is at risk of
breaching contracts with People's
Republic of China authorities; (6) the Company would
imminently and drastically drop its franchise fees; and (7) as a
result, defendant's statements about the Company's business,
operations, and prospects were materially false and misleading
and/or lacked a reasonable basis at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law