China's international retail brand MINISO (MINISO) at Hong Kong's stock price on Tuesday (September 24) was 39 %.This low -cost retailer has previously announced that it plans to spend 6.27 billion yuan (RMB, Same as the same, S $ 1.15 billion) to acquire Yonghui Supermarket shares to expand the layout of the Chinese market.
Mingchuang Youpin issued an announcement on the Hong Kong Exchange on Monday (23), saying that the acquisition will expand the Group's investment and business channels for daily necessities retail business, so as to diversify cyclical business risks, and to the group for the groupIt has important strategic significance.
The American Stock Volume (ADR) fell 20 % in the New York market on Monday, the largest decline in the largest market since March 2022.As of the close of Monday, Mingchuang ADR has fallen more than 32 % this year.
Yonghui Supermarket is the second major chain supermarket in China, operating about 850 stores in more than 25 provinces.The company's net loss in 2023 was 1.36 billion yuan, and revenue decreased year -on -year.
Mingchuang Youpin plans to purchase a total of 29.4 % of Yonghui Supermarket from the DFI Retail Group's milk company and two subsidiaries under the DFI Retail Group and the two subsidiaries under the DFI Retail Group.Bloomberg calculated that the transfer price closed at the Monday price than Yonghui Supermarket, with a premium of about 4.4 %.
The transaction still needs to be approved by regulators and shareholders.After the transaction is completed, Mingchuang Youpin will become the largest shareholder of Yonghui Supermarket.
