MINISO Adopts $200M Share Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

December 21, 2021 8:18 AM | 1 min read |

MINISO Group Holding Ltd MNSO board of directors has authorized a share repurchase program for up to $200 million of its shares.
The buyback program will be effective until September 21, 2022.
The company intends to fund repurchase from surplus cash on its balance sheet.
MINISO held $952.7 million in cash and equivalents as of September 30, 2021.
Price Action: MNSO shares are trading higher by 8.65% at $10.30 in premarket on the last check Tuesday.