Deadline on October 17th coming up in Lawsuit for Investors in MINISO Group Holding Limited (NYSE: MNSO)

A deadline is coming up on October 17, 2022 in the lawsuit filed for certain investors of MINISO Group Holding Limited (NYSE: MNSO).

Investors who purchased shares of MINISO Group Holding Limited (NYSE: MNSO) have certain options and there are strict and short deadlines running. Deadline: October 17, 2022. MINISO Group Holding Limited (NYSE: MNSO) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of MINISO Group Holding Limited (NYSE: MNSO) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement featured false and/or misleading statements and/or failed to disclose that defendants and other undisclosed related parties owned and controlled a much larger amount of MINISO stores than previously stated, that as a result, MINISO concealed its true costs, that the Company did not represent its true business model, that defendants, including the Company and its Chairman, engaged in planned unusual and unclear transactions, that as a result of at least one of these transactions, the Company is at risk of breaching contracts with Chinese authorities, that the Company would imminently and drastically drop its franchise fees, and that as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of MINISO Group Holding Limited (NYSE: MNSO) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.