MINISO Group Holding Ltd. (HK:9896) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
MINISO Group Holding Limited has announced its intention to initiate a new on-market share repurchase program, planning to buy back up to HKD2 billion worth of its shares over a 12-month period, starting August 30, 2024. The move, funded by surplus cash, is driven by the Board’s belief that the company’s shares are currently undervalued and aims to enhance shareholder value while managing growth. The repurchase program will be conducted in compliance with applicable rules and regulations, and the Board will periodically review and may adjust the program’s terms.
For further insights into HK:9896 stock, check out TipRanks’ Stock Analysis page.