Watching MINISO; Traders Circulate Unconfirmed Rumor Stock Picked By Popular Newsletter Service
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.
Hong Kong stocks: Hang Seng Index rose by 707 points, trading volume reached 445.7 billion yuan, setting a record. Property and consumer stocks were favored.
The People's Bank of China lowered the reserve requirement ratio for financial institutions by 0.5 percentage points, and starting today, the seven-day reverse repurchase operation rate was lowered from 1.7% to 1.5%. The Hang Seng Index continued its recent upward trend on the futures settlement day, with the Hang Seng Index opening high by 522 points and the gains repeatedly expanding. It once rose by 818 points to a high of 20,743 points, closing the day up by 707 points or 3.6% at 20,632 points; the China Enterprises Index rose by 213 points or 3%, closing at 7,299 points; the hang seng tech index rose by 243 points or 5.8%, closing at 4,453 points. The total turnover in the market for the day was 445.748 billion yuan, breaking the historical record. In the technology stock sector, Tencent (007
[Brokerage Focus] China Securities Co.,Ltd. maintains a "shareholding" rating for Miniso (09896), indicating that it has sufficient strength to complete this acquisition.
Jingu Wealth News | China Securities Co.,Ltd. issued research reports pointing out that Miniso (09896) has successfully implemented a global strategy of life commodity collection stores. The company plans to become yonghui superstores' largest shareholder through an agreement transfer, entering the essential retail track. The company's management firmly bullish on the offline retail format, with a determination and resources to continuously drive the transformation of offline retail channels and product strategies, creating a comprehensive offline scenario that meets the needs of Chinese consumers for high-quality and affordable products, as well as a global IP strategy, which will give the company a longer-term growth space. The bank mentioned that, Miniso currently has cash and short-term investments of 6.
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%.
On September 26, share repurchases were in full swing, with hsbc holdings, tencent and others all engaging in buybacks, of which hsbc holdings spent 0.288 billion Hong Kong dollars.
According to documents disclosed by hkex on September 27, hsbc holdings (00005.HK), tencent (00700.HK), etc. repurchased shares. 1. hsbc holdings (00005.HK) repurchased 4.1064 million shares of ordinary shares on September 25, involving 0.288 billion Hong Kong dollars, with a repurchase price per share ranging from 70.65 Hong Kong dollars to 69.55 Hong Kong dollars. 2. tencent (00700.HK) repurchased 0.3674 million shares of ordinary shares on September 26, involving 0.151 billion Hong Kong dollars, with a repurchase price per share ranging from 414.2 Hong Kong dollars to 40
Announcement Highlights | China Life Insurance issued 35 billion capital supplementary bonds; Zheng Zhigang resigned as the President of New World Development.
HSBC has completed the issuance of Hong Kong's first private digital bond, with a total amount of 1 billion Hong Kong dollars; junshi bio's JS125 has obtained a drug clinical trial approval letter.
MINISO Maintains Shares Count, Buys Back Stock
MINISO | 6-K: Report of foreign private issuer (related to financial reporting)
Express News | The People's Bank of China: We need to speed up the introduction of financial increment policy measures files, and implement and implement each policy measure one by one.
yonghui superstores (601933.SH) has had three consecutive daily limit up trading sessions: there is still uncertainty in the equity transfer of the company shareholder.
yonghui superstores (601933.SH) announcement, the company's stocks from September 24, 2024 to September 2024...
Express News | The Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting the Entry of Medium to Long-term Funds into the Market".
miniso spent HK$15.4826 million on September 26 to repurchase 0.5218 million shares.
Miniso (09896) announced that the company spent 15.4826 million Hong Kong dollars on September 26, 2024 ...
MNSO: INTERIM REPORT 2024
Miniso (9896.HK): Optimizing capital structure and supplementing business format layout
miniso has successfully implemented the global layout of lifestyle boutique stores. This time, the company plans to become yonghui superstores' largest shareholder through an agreement transfer, entering the essential goods retail track. The company's management team is firmly bullish on offline retail formats.
Miniso (09896.HK) spent 10.0336 million Hong Kong dollars to repurchase 0.366 million shares on September 25th.
Gelonghui September 26 - Miniso (09896.HK) announced that on September 25, 2024, they spent 10.0336 million Hong Kong dollars to repurchase 0.366 million shares at a repurchase price of 26.8125-28.2555 Hong Kong dollars per share.