MINISO Group Holding Limited announced a new share repurchase program on June 29, 2026, authorizing the buyback of up to HKD 2 billion of its outstanding ordinary shares and American depositary shares from the open market over a 12-month period starting June 30. The company expects to fund the repurchases from surplus cash on its balance sheet. Earlier in June, CEO and founder Ye Guofu disclosed the purchase of 2.1 million shares at prices between $3.25 and $3.27 for a total of $6.9 million. The stock rose 15 cents to $13.68 in premarket trading. Last month, JPMorgan analyst Kevin Yin lowered the price target on MINISO to $16 from $26 while maintaining an Overweight rating.
MINISO Group Holding LimitedMINISO Group Holding Limited announced a HKD 2 billion share repurchase program, a financial event signaling confidence and returning capital to shareholders.
JPMorgan Chase & Co