MINISO Group Holding Limited (MNSO)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MINISO Group Holding Limited (“Miniso” or the “Company”) (NYSE: MNSO). Investors who purchased Miniso shares are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Miniso violated federal securities laws.
On or around October 15, 2020, Miniso conducted its initial public offering (“IPO”) of 30.4 million American Depositary Shares (“ADSs”), priced at $20.00 per ADS. On July 26, 2022, Blue Orca Capital (“Blue Orca”) published a short report concerning Miniso. Citing a “seven-month investigation of Chinese corporate records and store level data,” the Blue Orca report alleged, among other things, that “hundreds of [Miniso] stores are secretly owned and operated by Miniso executives or individuals closely connected to the chairman” and that “Chinese corporate filings also indicate . . . that the chairman siphoned hundreds of millions from the public company through opaque Caribbean jurisdictions as the middleman in a crooked headquarters deal.” On this news, Miniso’s ADS price fell sharply during intraday trading on July 26, 2022.
If you are aware of any facts relating to this investigation or purchased Miniso shares you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.