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stock price crashes! big changes for supermarket giants

2024-09-24

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【introduction】miniso plans to acquire yonghui supermarket for rmb 6.3 billion and become the largest shareholder

china fund news reporter nan shen

on the evening of september 23, yonghui superstores, listed on the a-share market, and miniso, listed on the hong kong and us stock markets, both announced that the latter plans to spend about 6.3 billion yuan to acquire 29.4% of yonghui superstores' shares, and will become the largest shareholder after the transaction is completed. the share transferors are from yonghui superstores' current largest shareholder dairy farm co., ltd. and two entities under jd.com.

however, what is rare is that neither company’s announcements made it clear whether the transaction would result in a change of control. investors of miniso seemed to be pessimistic about the news, with its us stock price plummeting by nearly 20% at the opening, and still down 17% at press time.

miniso becomes the largest shareholder

dairy farm and jd.com withdraw

according to the announcement of yonghui supermarket, this equity change is that the company's largest shareholder, dairy farm co., ltd. (hereinafter referred to as dairy farm), beijing jingdong century trading co., ltd. (hereinafter referred to as jingdong world trade) and suqian hanbang investment management co., ltd. (hereinafter referred to as suqian hanbang, a joint actor of jingdong world trade) intend to transfer shares to guangdong juncai international trading co., ltd. (hereinafter referred to as juncai international) through an agreement transfer.