Retailer Miniso to buy nearly 30% stake in China's Yonghui for around $900 mln

MINISO Holding

23/09/2024 13:14

Sept 23 (Reuters) - Miniso  9896.HK  will take up a
29.4% stake in retailer Yonghui Superstores  601933.SS  for 6.3
billion yuan ($893.08 million), the household consumer goods
retailer said on Monday, on track to emerge as the largest
single shareholder in the Chinese firm. 

($1 = 7.0542 Chinese yuan renminbi)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Janane
Venkatraman)
 ((Rishav.Chatterjee@thomsonreuters.com;))