MINISO Announces New HK$2 Billion Share Repurchase Program
MINISO Group Holding Limited announced a new share repurchase program, authorizing the repurchase of up to HK$2 billion of its outstanding ordinary shares and/or American depositary shares over a 12-month period starting June 30, 2026. The Board expressed confidence in the company's business outlook, believing the current share price is below its intrinsic value. This new program follows the Extended 2024 Share Repurchase Program, under which approximately HK$1.37 billion in shares were repurchased. Additionally, the company entered into automatic share repurchase agreements for up to HK$800 million, comprising a Hong Kong Repurchase Program (HK$400 million) and a Rule 10b5-1 Repurchase Program (up to $51.3 million).
Key Highlights
- New share repurchase program authorized for up to HK$2 billion.
- Program covers ordinary shares and/or ADSs over a 12-month period.
- Repurchases under the new program will commence on June 30, 2026.
- Previous program repurchased approximately HK$1.37 billion in shares.
- Board believes current share price is below its intrinsic value.
- Automatic share repurchase agreements for up to HK$800 million.
- Includes HK$400 million for Hong Kong Repurchase Program.
- Includes up to $51.3 million for Rule 10b5-1 Repurchase Program.
Price Impact
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