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

To subscribe to Bamboo Works free weekly newsletter, click here

,

Related Articles

RELATED ARTICLES

  1. Miniso opens on Champs-Elysees
    Miniso’s penny-wise empire finds big bucks in rich countries
    9896.HK MNSO.US
  2. KK Group hopes the fourth time is lucky with new Hong Kong IPO bid
  3. CIMC Vehicles heads for Hong Kong exit ramp via share buyback
    1839.HK 301039.SHE
  4. Yum China revs up restaurant expansion, share repurchases
    9987.HK YUMC.US
  5. Tam Jai ladles up its rice noodles overseas as its home markets slow
    2217.HK
  6. China Education Group makes the grade with rising profits
    0839.HK
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Illustration of an Uber robotaxi by WeRide running in UAE

PODCAST: WeRide’s Spin with Uber, and Starbucks’ New China CEO

Uber will offer WeRide robotaxi services starting in the UAE. Is this a big deal, or mostly symbolic? And Starbucks names a new China CEO to revive its flagging local operation. Will that be enough to tackle the challenge from low-price companies like Luckin and Cotti?