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MNSO (09896.HK) Once Tumbles ~40% in Early Session after Taking Major Stake in Yonghui Superstores
MNSO (09896.HK) announced the acquisition of a 29.4% stake in Yonghui Superstores (601933.SH) for RMB6.279 billion. Upon completion, it is expected to become Yonghui's largest ...
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MNSO (09896.HK) Once Tumbles ~40% in Early Session after Taking Major Stake in Yonghui Superstores
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MNSO (09896.HK)  +3.400 (+9.484%)    Short selling $42.61M; Ratio 19.349%   announced the acquisition of a 29.4% stake in Yonghui Superstores (601933.SH)  +0.330 (+10.000%)   for RMB6.279 billion. Upon completion, it is expected to become Yonghui's largest shareholder. This morning (24th), MNSO's Hong Kong stock continued the downtrend of its ADR from the night before (23rd). It last reported at $23.7, down 27.96%, with 22.9272 million shares traded, involving $513 million.

Overnight, the ADR of Miniso slipped 16.7%, closing at US$13.72. The stock had dived 19.9% during the trading day, bottoming at US$13.19.

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MNSO acquired approximately 21.1% and 8.3% of the equity of Yonghui from DFI Retail Group, the parent company of Hong Kong supermarket Wellcome, and JD-SW (09618.HK)  +12.400 (+7.277%)    Short selling $945.73M; Ratio 19.653%   , respectively. JD-SW last traded at $118.2, up 4.51%, with 3.6349 million shares traded, involving $429 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-04 16:25.) (A Shares quote is delayed for at least 15 mins.)

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