Date of Report: September 30, 2024
Broker Name: CGS International Securities
Acquisition of Yonghui Superstores
Miniso is making a major acquisition by purchasing 1.9 billion shares in Yonghui Superstores, a Shanghai-listed company. The total value of this acquisition is approximately RMB 4.5 billion (S$823.6 million). This deal signifies Miniso’s strategic effort to strengthen its position in the retail market in China by acquiring a significant stake in a well-established supermarket chain.
Strategic Importance of the Acquisition
The acquisition of Yonghui Superstores provides Miniso with a strong foothold in the supermarket and retail sector, diversifying its business portfolio. This deal aligns with Miniso’s broader expansion strategy and enhances its market presence in China. By gaining control of Yonghui’s resources, Miniso aims to capitalize on the growth opportunities in the retail market.
This section outlines Miniso’s acquisition of Yonghui Superstores from the September 30, 2024, report, emphasizing its strategic implications for Miniso’s growth and market positioning.
