Miniso (09896.HK) announced the acquisition of 29.4% stake in Yonghui Superstores (601933.HK) from Dairy Company and jd.com (09618.HK), involving approximately 2.668 billion shares, with a cash consideration of 6.27 billion RMB (approximately 6.916 billion Hong Kong dollars), equivalent to a price of 2.35 RMB per share, to be funded through internal resources and financing.
Yonghui Superstores is an operator specializing in fresh commodity operation, mainly operating large integrated supermarkets, hypermarkets, and community supermarkets, with a total of approximately 850 stores across over 25 provinces and municipalities nationwide.