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Benzinga
Benzinga
Business
Shivani Kumaresan

MINISO Adopts $200M Share Buyback Program

  • MINISO Group Holding Ltd (NYSE: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.
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