MINISO Shares Surge Over 4% on Proposed HK$2 Billion Share Buyback Plan

Deep News06-30 10:20

MINISO Group Holding Limited (HKG: 09896) saw its shares climb more than 4% during the trading session. At the time of writing, the stock was up 1.93% to HK$23.24, with a trading turnover of HK$21.74 million.

On June 29, the company announced that its board of directors has authorized and approved a new share repurchase program. Under this plan, the company may, within a 12-month period commencing June 30, 2026, repurchase up to HK$2 billion worth of its shares and/or American Depositary Shares in the open market. The company expects to fund the repurchases under the 2026 program using surplus cash from its balance sheet.

The board expressed full confidence in the company's business outlook and prospects, and believes the current share price is below its intrinsic value. Under the extended 2024 share repurchase program, the company has already bought back shares and/or ADSs worth approximately HK$1.37 billion in the open market. By adopting the 2026 share repurchase program, the company aims to enhance shareholder value and balance the group's rapid growth with its commitment to delivering stable and predictable returns to shareholders.

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