BRIEF: Miniso repurchases more shares

9896.HK MNSO.US

Miniso Group Holdings Ltd. (9896.HK) announced it repurchased 324,800 of its Hong Kong-listed shares on Sept. 13, accounting for 0.026% of its issued shares. The average price per share was approximately HK$30.30, involving about HK$9.84 million ($1.26 million) in expense to the operator of a chain of retail novelty stores.

The company’s stock price has dropped more than 40% since May, falling from a high of HK$51.35 that month to below the HK$30 level.

By Lau Chi Hang

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