Express News | Yonghui superstores: There is still uncertainty regarding the equity transfer of the company's shareholders.
Miniso invested 6.3 billion yuan in Yonghui Superstores, what's the plan behind it?
Miniso joins hands with Yonghui Superstores. The retail business under Xie Yingjie's 'Investor Web' is gaining momentum, and Miniso Holdings Co., Ltd. (hereinafter referred to as 'Miniso', NYSE:MNSO) has made a move to acquire the loss-making offline retail giant. On the evening of September 23, Miniso announced that it will acquire 29.4% equity of Yonghui Superstores Co., Ltd. (hereinafter referred to as 'Yonghui Superstores', 601933.SH), becoming Yonghui's largest shareholder. After the completion of the trade, Miniso will not control Yonghui's board of directors, will not consolidate financial statements, and will account for this investment using the equity method. It is expected that by the first half of 2025, this transaction will be completed.
For this time, Ye Guofu waited for a whole 11 years.
Miniso's acquisition of Yonghui Superstores has expanded and improved the offline retail landscape, officially entering the trillion-dollar fresh retail track.
Express News | US-listed Chinese concept stocks in night trading continued to expand, with trip.com up nearly 7%, miniso up nearly 6%, nio inc up over 5%, beigene up over 4%, jd.com up over 3%.
Futu includes the old store gold (06181.HK) in its preferred list, and removes Miniso (MNSO.US).
Furui's report pointed out that the central government has intensified its stimulus policies in the past two days to boost the economy. The market is awaiting the implementation and impact of the scale. The bank believes that the mainland's reduction of mortgage rates will help alleviate the financial burden on households (partially offset by lower domestic income) and expects more policies or effective implementation to help stabilize real estate prices (wealth effect), as well as stabilize unemployment (especially for the younger generation) and wage cuts. The bank mentioned that among the 60 shares it covers, its top choices include Guizhou Maotai (600519.SH), china res beer (00291.HK), pop mart (0999).
Express News | U.S. stock night trading: Chinese concept stocks collectively rose, with fangdd network up nearly 16%.