CLASS ACTION UPDATE for MNSO, CPNG and AZRE: Levi & Korsinsky,

CLASS ACTION UPDATE for MNSO, CPNG and AZRE: Levi & Korsinsky,


NEW YORK, NY / ACCESSWIRE / October 5, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have been filed on behalf of the shareholders of the following public companies. Shareholders interested in serving as lead plaintiffs have until the listed time limits to file a motion with the court. See the links provided for more details on the cases. There are no costs or obligations for you.

MNSO Shareholders Click Here:
CPNG shareholders click here:
AZRE shareholders click here:


Levi & Korsinsky, LLP, Wednesday, October 5, 2022, press release image

MINISO Group Holding Limited (NYSE:MNSO)

This action is being brought on behalf of any person or entity that purchased or otherwise acquired publicly traded MINISO securities pursuant to and/or traceable to the registration statement and related prospectus issued in connection with MINISO’s October 2020 IPO .
Deadline for Lead Plaintiff: October 17, 2022

According to the lawsuit filed, (1) the defendants and other undisclosed related parties owned and controlled a much larger number of MINISO stores than previously disclosed; (2) as a result, MINISO concealed its true costs; (3) the company has not presented its true business model; (4) defendants, including the company and its chairman, involved in contemplated unusual and unclear transactions; (5) as a result of at least one of these transactions, the Company is at risk of breaching treaties with PRC authorities; (6) the company would immediately and drastically reduce its franchise fees; and (7) as a result, Defendant’s statements about the Company’s business, operations and prospects were materially false and…


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