Shares of Miniso slump on plans to buy stake in Yonghui Superstores
24/09/2024 02:32
HONG KONG, Sept 24 (Reuters) - Shares of Miniso Group
Holding 9896.HK plunged 39% on Tuesday after the lifestyle
products retailer said it would take up a 29.4% stake in Chinese
supermarket operator Yonghui Superstores 601933.SS for 6.3
billion yuan ($893.05 million).
(Reporting by Hong Kong newsroom; Editing by Jacqueline Wong)
((donny.kwok@thomsonreuters.com; +852 3462 7745;))
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