{"id":689881,"date":"2022-09-28T13:03:21","date_gmt":"2022-09-28T17:03:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mnso-investors-have-opportunity-to-lead-miniso-group-holding-limited-securities-fraud-lawsuit-3\/"},"modified":"2022-09-28T13:03:21","modified_gmt":"2022-09-28T17:03:21","slug":"mnso-investors-have-opportunity-to-lead-miniso-group-holding-limited-securities-fraud-lawsuit-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mnso-investors-have-opportunity-to-lead-miniso-group-holding-limited-securities-fraud-lawsuit-3\/","title":{"rendered":"MNSO Investors Have Opportunity to Lead MINISO Group Holding Limited Securities Fraud Lawsuit"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n LOS ANGELES<\/span>
\n <\/span>, Sept. 28, 2022<\/span><\/span> \/PRNewswire\/ — Glancy Prongay<\/span> & Murray LLP<\/a> (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against MINISO Group Holding Limited (“MINISO” or the “Company”) (NYSE: MNSO<\/a>).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Glancy
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n October 2020<\/span> IPO
Lead Plaintiff Deadline:<\/b>October 17, 2022<\/span><\/p>\n

If you wish to serve as lead plaintiff of the MINISO lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/miniso-group-holding-limited\/<\/a>. You can also contact Charles H. Linehan<\/span>, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n

The complaint filed alleges that Defendants failed to disclose to investors\u00a0that: (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 PRC authorities; (6) the Company would imminently and drastically drop its franchise fees; and (7) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

Follow us for updates on LinkedIn<\/a>, Twitter<\/a>, or Facebook<\/a>.<\/p>\n

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire<\/span>, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California<\/span> 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com<\/a>, or visit our website at www.glancylaw.com<\/a>.\u00a0 If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/mnso-investors-have-opportunity-to-lead-miniso-group-holding-limited-securities-fraud-lawsuit-301635354.html<\/a><\/p>\n

SOURCE Glancy Prongay<\/span> & Murray LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LOS ANGELES , Sept. 28, 2022 \/PRNewswire\/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against MINISO Group Holding Limited (“MINISO” or the “Company”) (NYSE: MNSO). Class Period: October 2020 IPOLead Plaintiff Deadline:October 17, 2022 If you wish to serve as lead plaintiff of the MINISO lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/miniso-group-holding-limited\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. The complaint filed alleges that Defendants failed to disclose to investors\u00a0that: (1) Defendants and other undisclosed related parties owned and controlled a much … <\/p>\n

Continue reading “MNSO Investors Have Opportunity to Lead MINISO Group Holding Limited Securities Fraud Lawsuit”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-689881","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMNSO Investors Have Opportunity to Lead MINISO Group Holding Limited Securities Fraud Lawsuit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mnso-investors-have-opportunity-to-lead-miniso-group-holding-limited-securities-fraud-lawsuit-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNSO Investors Have Opportunity to Lead MINISO Group Holding Limited Securities Fraud Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LOS ANGELES , Sept. 28, 2022 \/PRNewswire\/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against MINISO Group Holding Limited (“MINISO” or the “Company”) (NYSE: MNSO). Class Period: October 2020 IPOLead Plaintiff Deadline:October 17, 2022 If you wish to serve as lead plaintiff of the MINISO lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/miniso-group-holding-limited\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. 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