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MINISO Adopts $100M Stock Buyback Plan

MINISO Group Holding Limited (NYSE:MNSO) board of directors authorized and approved a new share repurchase program. Under the program, the company…
byShivani Kumaresan
September 29, 2022
1 minute read
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  • MINISO Group Holding Limited (NYSE:MNSO) board of directors authorized and approved a new share repurchase program.
  • Under the program, the company is authorized to repurchase up to $100 million of its shares over a period of 12 months starting September 29, 2022.
  • The company expects to fund the repurchase from surplus cash on its balance sheet.
  • The company held $870.1 million in cash and equivalents as of June 30, 2022.
  • Price Action: MNSO shares are trading lower by 4.52% at $4.65 on the last check Thursday.
 
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