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MNSO Surges 7%+ Amid Reports of Spinning Off TOP TOY for HK Listing
Recommend 5 Positive 13 Negative 1 |
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MNSO (09896.HK) surged 7.4% to HKD41.9, with trading volume reaching 10.23 million shares and a turnover of HKD420 million. MNSO is pondering a spin-off of its trendy toy brand, TOP TOY, for a separate listing in Hong Kong, Bloomberg cited people with the knowledge of the matter yesterday. The company is reportedly in discussions with potential advisors regarding an initial public offering (IPO), which is forecast to raise approximately USD300 million. AAStocks Financial News |
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