Miniso's HK shares drop most in 3 months on equity-linked securities issue plans

MINISO Holding

07/01/2025 03:19

** Hong Kong shares of MINISO Group Holding  9896.HK  drop
as much as 7.4% to HK$47.25 on the second session of decline,
set for biggest one-day drop since Oct. 8, if losses hold
    ** Stock is the third-biggest decliner in the Hang Seng
Composite Index  .HSCI , which is down 1.8%
    ** Lifestyle products retailer's U.S.-listed stock  MNSO.N 
fell 12.7% on Monday
    ** Co said it planned to offer an aggregate principal amount
of $550 mln equity-linked securities due 2032, raising capital
for store network expansion, supply chain optimization, and for
share repurchase programs
    ** Hang Seng Commerce & Industry Index  .HSNC  drops 2.2%
and the Hang Seng Index  .HSI  falls 1.7%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))