Miniso Group gains on $100-million stock buyback plan

MINISO Holding

29/09/2022 17:52

** U.S.-listed shares in China-based household products
retailer Miniso Group  MNSO.N  rise 3.7% to $5.05
    ** MNSO says its board has approved a new stock repurchase
program of up to $100 million over the next 12 months through
surplus cash on its balance sheet
    ** As of June 30, co had cash and cash equivalents of about
$798.5 million
    ** MNSO market capitalization stood at $1.56 billion, as of
last close, according to Refinitiv
    ** Shares have lost about half their value this year
 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))