Bragar Eagel & Squire, P.C. Is Investigating MINISO, Digital World, Verano, and Phathom and ... - KULR-TV | Florida Dispensaries

Bragar Eagel & Squire, P.C. Is Investigating MINISO, Digital World, Verano, and Phathom and … – KULR-TV

NEW YORK, Aug. 05, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against MINISO Group Holding Limited (NYSE: MNSO), Digital World Acquisition Corp. (NASDAQ: DWAC), Verano Holdings Corp. (OTCMKTS: VRNOF), and Phathom Pharmaceuticals, Inc. (NASDAQ: PHAT). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.

MINISO Group Holding Limited (NYSE: MNSO)

The investigation concerns whether MINISO and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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

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