MINISO to Buy 29% Stake in Yonghui Superstores From DFI Retail For 6.3 billion Yuan; MINISO Shares Tank 28%

MT Newswires09-24

MINISO Group (HKG:9896) unit Guangdong Juncai International has agreed to buy a 29.4% stake in loss-making Yonghui Superstores (SHA:601933) for 6.27 billion yuan, according to a Hong Kong exchange filing on Monday.

Yonghui Superstores operates about 850 stores, covering more than 25 provinces and municipalities in China.

The MINISO unit will buy the stake from THE DAIRY FARM, a wholly owned subsidiary of Singapore-listed DFI Retail (SGX:D01).

DFI Retail expects to receive gross cash proceeds of about 4.5 billion yuan from the deal, it said in a separate filing on the Singapore Exchange on Monday.

The completion of the disposal is subject to regulatory conditions and clearance from relevant authorities in China.

Shares of MINISO plummeted 28% in recent trading in Hong Kong, while shares of Yonghui Superstores jumped 10% in Shanghai. In Singapore, DFI Retail's shares surged more than 7% in recent trade.

Price (HKD): $23.80, Change: $-9.1, Percent Change: -27.66%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2469483591?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-24 10:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2469483591","market":"sg","top_or_hot":-1,"title":"MINISO to Buy 29% Stake in Yonghui Superstores From DFI Retail For 6.3 billion Yuan; MINISO Shares Tank 28%","media":"MT Newswires","content":"<html><body><p> MINISO Group (HKG:9896) unit Guangdong Juncai International has agreed to buy a 29.4% stake in loss-making Yonghui Superstores (SHA:601933) for 6.27 billion yuan, according to a Hong Kong exchange filing on Monday.</p><p>Yonghui Superstores operates about 850 stores, covering more than 25 provinces and municipalities in China.</p><p>The MINISO unit will buy the stake from THE DAIRY FARM, a wholly owned subsidiary of Singapore-listed DFI Retail (SGX:D01).</p><p>DFI Retail expects to receive gross cash proceeds of about 4.5 billion yuan from the deal, it said in a separate filing on the Singapore Exchange on Monday.</p><p>The completion of the disposal is subject to regulatory conditions and clearance from relevant authorities in China.</p><p>Shares of MINISO plummeted 28% in recent trading in Hong Kong, while shares of Yonghui Superstores jumped 10% in Shanghai. In Singapore, DFI Retail's shares surged more than 7% in recent trade.</p><p>Price (HKD): $23.80, Change: $-9.1, Percent Change: -27.66%</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MINISO to Buy 29% Stake in Yonghui Superstores From DFI Retail For 6.3 billion Yuan; MINISO Shares Tank 28%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMINISO to Buy 29% Stake in Yonghui Superstores From DFI Retail For 6.3 billion Yuan; MINISO Shares Tank 28%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 10:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MINISO Group (HKG:9896) unit Guangdong Juncai International has agreed to buy a 29.4% stake in loss-making Yonghui Superstores (SHA:601933) for 6.27 billion yuan, according to a Hong Kong exchange ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0183","symbol_name":"MSCI概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2469483591","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469483591","pubTimestamp":1727145408,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"MINISO Group  unit Guangdong Juncai International has agreed to buy a 29.4% stake in loss-making Yonghui Superstores  for 6.27 billion yuan, according to a Hong Kong exchange filing on Monday.Yonghui Superstores operates about 850 stores, covering more than 25 provinces and municipalities in China.The MINISO unit will buy the stake from THE DAIRY FARM, a wholly owned subsidiary of Singapore-listed DFI Retail .DFI Retail expects to receive gross cash proceeds of about 4.5 billion yuan from the deal, it said in a separate filing on the Singapore Exchange on Monday.The completion of the disposal is subject to regulatory conditions and clearance from relevant authorities in China.Shares of MINISO plummeted 28% in recent trading in Hong Kong, while shares of Yonghui Superstores jumped 10% in Shanghai. In Singapore, DFI Retail's shares surged more than 7% in recent trade.Price : $23.80, Change: $-9.1, Percent Change: -27.66%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601933":"永辉超市","BK0183":"MSCI概念","BK0209":"零售","BK6034":"食品零售","BK6518":"食品和药品零售股","09896":"名创优品","BK0196":"行业龙头","BK0077":"质押式回购","BK1249":"综合零售","BK1246":"综合货品商店","D01.SI":"牛奶国际控股有限公司","BK0170":"新零售"},"translate_title":"名创优品将以63亿元从友通零售手中收购永辉超市29%股权；名创优品股价下跌28%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601933":0.9,"D01.SI":1,"09896":0.9},"content_text":"MINISO Group (HKG:9896) unit Guangdong Juncai International has agreed to buy a 29.4% stake in loss-making Yonghui Superstores (SHA:601933) for 6.27 billion yuan, according to a Hong Kong exchange filing on Monday.Yonghui Superstores operates about 850 stores, covering more than 25 provinces and municipalities in China.The MINISO unit will buy the stake from THE DAIRY FARM, a wholly owned subsidiary of Singapore-listed DFI Retail (SGX:D01).DFI Retail expects to receive gross cash proceeds of about 4.5 billion yuan from the deal, it said in a separate filing on the Singapore Exchange on Monday.The completion of the disposal is subject to regulatory conditions and clearance from relevant authorities in China.Shares of MINISO plummeted 28% in recent trading in Hong Kong, while shares of Yonghui Superstores jumped 10% in Shanghai. In Singapore, DFI Retail's shares surged more than 7% in recent trade.Price (HKD): $23.80, Change: $-9.1, Percent Change: -27.66%","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2469483591"}