Shares of Miniso slump on plans to buy stake in Yonghui Superstores

Reuters09-24

HONG KONG, Sept 24 (Reuters) - Shares of Miniso Group Holding plunged 39% on Tuesday after the lifestyle products retailer said it would take up a 29.4% stake in Chinese supermarket operator Yonghui Superstores for 6.3 billion yuan ($893.05 million).

(Reporting by Hong Kong newsroom; Editing by Jacqueline Wong)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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