MINISO to Acquire Stake in Yonghui Superstores, a Leading Chinese Retailer
MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares (MNSO)
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Source: PR Newswire
GUANGZHOU, China, Sept. 23, 2024 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that it has entered into share purchase agreements with certain shareholders of Yonghui Superstores Co., Ltd ("Yonghui"), to acquire an aggregate of 29.4% of the issued and outstanding shares of Yonghui for a total cash consideration of approximately RMB6.3 billion. Upon the consummation of the transaction, the Company expects to become the largest single shareholder of Yonghui.Yonghui is a leading retail chain operator in China, listed on the Shanghai Stock Exchange (stock code: 601933) since 2010. It operates approximately 850 supermarkets, offering fresh produce and daily necessities to consumers across China. Yonghui is one of the first distribution enterprises in the PRC to introduce fresh produce into modern supermarkets. In t
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MNSO
News
- MINISO Group Holding Limited (NYSE: MNSO) was upgraded by analysts at Dbs Bank to a "strong-buy" rating.MarketBeat
- MINISO Group Holding Limited (NYSE: MNSO) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $15.00 price target on the stock, down previously from $27.00.MarketBeat
- MINISO Group Holding Limited (NYSE: MNSO) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- MINISO Group Holding Limited (NYSE: MNSO) was downgraded by analysts at Bank of America Co. from a "buy" rating to an "underperform" rating.MarketBeat
- MINISO Opens First Sanrio-Themed Store in Australia, Bringing Joyful Shopping ExperiencePR Newswire
MNSO
Sec Filings
- 9/26/24 - Form 6-K
- 9/24/24 - Form 6-K
- 9/20/24 - Form 6-K
- MNSO's page on the SEC website