MINISO Announces Major Share Acquisition Deal

MINISO Group Holding Ltd. (HK:9896) has released an update.

MINISO Group Holding Ltd. has announced a significant acquisition of approximately 29.4% of an unnamed target company, listed on the Shanghai Stock Exchange, for a total consideration of RMB 6.27 billion (around HK$ 6.92 billion). The deal will be funded through internal financial resources and external financing, but the target’s financial results will only be included in MINISO’s accounts as an investment in associates. Shareholders are advised to exercise caution, as the acquisition’s completion is subject to certain conditions.

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