Class Action Cases

Join the case to recover your losses. Click "Join this Class Action" above.

Attorneys

MINISO Group Holding Limited

Join Class Action »

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. MINISO is the subject of a research report published by Blue Orca Capital on July 26, 2022. According to the report, “MINISO Lies about its Core Business Model” due to the Company’s “claims that 99% of its stores in China, its key market, are operated by franchisees independent from the Company. … Through our investigation, … 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’s chairman.” The report claims that “MINISO Admitted in Chinese Media that 40% of Stores Directly Owned.” Blue Orca also alleges that “IPO Proceeds Siphoned by Chairman through Crooked Headquarters Deal.” Based on this report, shares of MINISO fell by more than 14% in intraday trading on the same day.

Press Release

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in MINISO Group Holding Limited with Losses of $100,000 to Contact the Firm

Los Angeles, July 26, 2022 — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MINISO Group Holding Limited (“MINISO” or “the Company”) (NYSE: MNSO) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. MINISO is the subject of a research report published by Blue Orca Capital on July 26, 2022. According to the report, “MINISO Lies about its Core Business Model” due to the Company’s “claims that 99% of its stores in China, its key market, are operated by franchisees independent from the Company. … Through our investigation, … 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’s chairman.” The report claims that “MINISO Admitted in Chinese Media that 40% of Stores Directly Owned.” Blue Orca also alleges that “IPO Proceeds Siphoned by Chairman through Crooked Headquarters Deal.” Based on this report, shares of MINISO fell by more than 14% in intraday trading on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.

310-301-3335

info@schallfirm.com

www.schallfirm.com

Cases

  • Drop files here or
    Accepted file types: xls, xlsx, doc, pdf, jpg, jpeg, Max. file size: 32 MB, Max. files: 5.
      You may redact your account numbers from your uploaded documents. The Schall Law Firm is committed to protecting the privacy of confidential information. Your documents will be securely held in AWS S3 and will only be used as proof of your transactions in connection with this matter.
    • Purchases
      MM slash DD slash YYYY
      If fractional shares, please round to the nearest whole number.
    • Sales
      MM slash DD slash YYYY
    • By submitting your information, you acknowledge that this form does not create an attorney-client relationship between yourself and The Schall Law Firm. Any information you submit will be maintained as confidential. The Schall Law Firm, in its sole discretion, will contact you if it requires further information from you.