MINISO to Acquire Stake in Yonghui Superstores, a Leading Chinese Retailer
MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares (MNSO)
Company Research
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 Announces September Quarter and First Nine Months of 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- MINISO Group Announces September Quarter and First Nine Months of 2024 Unaudited Financial ResultsPR Newswire
- MINISO Announces Extraordinary General Meeting on January 17, 2025PR Newswire
- Magical Wonders Await: MINISO Launches 800+ Harry Potter Inspired Products GloballyPR Newswire
- Magical Wonders Await: MINISO Launches 800+ Harry Potter Inspired Products GloballyPR Newswire
MNSO
Sec Filings
- 12/2/24 - Form 6-K
- 11/27/24 - Form 6-K
- 11/15/24 - Form 6-K
- MNSO's page on the SEC website