{"id":76985,"date":"2022-08-09T05:15:57","date_gmt":"2022-08-09T05:15:57","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=96161"},"modified":"2022-08-09T05:15:57","modified_gmt":"2022-08-09T05:15:57","slug":"globally-recognized-rosen-law-firm-encourages-miniso-group-holding-limited-investors-to-inquire-about-securities-class-action-investigation-mnso","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/globally-recognized-rosen-law-firm-encourages-miniso-group-holding-limited-investors-to-inquire-about-securities-class-action-investigation-mnso\/","title":{"rendered":"GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages MINISO Group Holding Limited Investors to Inquire About Securities Class Action Investigation \u2013 MNSO"},"content":{"rendered":"
\n

NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of MINISO Group Holding Limited (NYSE: MNSO) resulting from allegations that MINISO may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased MINISO securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=7814<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong> On July 26, 2022, during trading hours, market analyst Blue Orca Capital published a report regarding MINISO Group Holding Limited which alleges several issues with the Company including that \u201cMINISO Lies about its Core Business Model\u201d because \u201cMINISO claims that 99% of its stores in China, its key market, are operated by franchisees independent from the Company. \u2026 Through our investigation, \u2026 we found over 620 supposedly independent franchises, which, according to Chinese corporate records, are registered under the names of MINISO executives or individuals closely connected to the Company\u2019s chairman[,]\u201d and \u201cMINISO Admitted in Chinese Media that 40% of Stores Directly Owned.\u201d The report further alleges that \u201cIPO Proceeds Siphoned by Chairman through Crooked Headquarters Deal.\u201d Finally, the report alleges that MINISO is a \u201cRetailer In Decline: Shrinking Revenues, Falling Franchise Fees and Store Closures[,]\u201d due in part to \u201cFranchise Fees Dropped by 63%, Indicating Lagging Interest.\u201d<\/p>\n

On this news, MINISO American Depositary Share (ADS) price fell $1.08 per ADS, or 14%, to close at $6.13 per ADS on July 26, 2021, on unusually heavy trading volume. On July 27, 2022, MINISO\u2019s ADSs closed at $5.66 per ADS, representing more than a 70% decline from the $20.00 IPO price.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

\n

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

NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of MINISO Group Holding Limited (NYSE: MNSO) resulting from allegations that MINISO may have issued materially misleading business information to the investing public. 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