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Wonderful piece of news . Yonghui's underperformance has been weighin on dfi for the last 4-5 years. Taking the stock down from 12s to 1.8ish . Just focus on asia ex china and they should rise back above $7-8

Retailer Miniso to Buy Nearly 30% Stake in China's Yonghui for Around $900 Mln

Sept 23 - Miniso will take up a 29.4% stake in retailer Yonghui Superstores for 6.3 billion yuan , the household consumer goods retailer said on Monday, on track to emerge as the largest single shareholder in the Chinese firm.Miniso shares dropped 5.9% in premarket trading.

Retailer Miniso to Buy Nearly 30% Stake in China's Yonghui for Around $900 Mln

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Taking the stock down from 12s to&nbsp;1.8ish . Just focus on asia ex china and they should rise back above $7-8</p></body></html>","text":"Wonderful piece of news . Yonghui's underperformance has been weighin on dfi for the last 4-5 years. Taking the stock down from 12s to 1.8ish . Just focus on asia ex china and they should rise back above $7-8","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/352527372529752","repostId":2469113348,"repostType":2,"repost":{"id":"2469113348","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1727099459,"share":"https://www.laohu8.com/m/news/2469113348?lang=&edition=full","pubTime":"2024-09-23 21:50","market":"us","language":"en","title":"Retailer Miniso to Buy Nearly 30% Stake in China's Yonghui for Around $900 Mln","url":"https://stock-news.laohu8.com/highlight/detail?id=2469113348","media":"Reuters","summary":"Sept 23  - Miniso will take up a 29.4% stake in retailer Yonghui Superstores for 6.3 billion yuan , the household consumer goods retailer said on Monday, on track to emerge as the largest single shareholder in the Chinese firm.Miniso shares dropped 5.9% in premarket trading.","content":"<html><head></head><body><p>Sept 23 (Reuters) - MINISO will take up a 29.4% stake in retailer Yonghui Superstores for 6.3 billion yuan ($893.08 million), the household consumer goods retailer said on Monday, on track to becoming the largest single shareholder in the Chinese firm.</p><p>Miniso shares dropped 14.2% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/54d8b2e0a8834311f1e46b9755602901\" tg-width=\"879\" tg-height=\"625\"/></p><p>MINISO, a global retailer of trendy lifestyle products, will buy the shares from units of Singapore-based DFI Retail Group and Chinese e-commerce giant JD.com.</p><p>The purchase price will be 2.35 yuan per share, a 3.1% premium to the Yonghui stock&#39;s close on Sept. 20.</p><p>Guangdong Juncai International Trading, the China-based unit of MINISO, struck the deal with various sellers, including a unit of DFI Retail, which belongs to British multinational conglomerate Jardine Matheson.</p><p>MINISO plans to fund the acquisition through internal resources and external financing.</p><p>($1 = 7.0542 Chinese yuan renminbi)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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