Guofu Ye, the founder of retailing company Miniso Group Holding, is planning to augment his ownership in the business by a minimum of HK$50 million (US$6.4 million). Over the course of the next year, Ye intends to elevate his shareholding by purchasing more company shares. This includes American Depositary Shares (ADSs) and ordinary shares that are publicly listed on the Hong Kong Stock Exchange.
The method of transactions will vary, being made either on the open market or via private transactions. These transactions will be conducted directly or through entities that Ye controls, with all purchases funded by his personal finances.
Ye is presently a majority stakeholder in Miniso, holding approximately 63.7% of the company’s shares, not including treasury shares.
Reflecting on Miniso’s trajectory and performance in recent years, Ye stated that these elements have confirmed the company’s strategic direction and the team’s exceptional execution capabilities. He expressed his firm belief in Miniso’s ongoing growth and demonstrated his commitment through this proactive investment decision.
However, with the company yet to release its financial results for the first quarter ending on March 31, Ye is bound by trading blackout restrictions and director securities transaction restrictions. He will initiate his plan to increase his shareholding following the end of this blackout period, which will occur post the disclosure of the company’s first-quarter results. Ye reassured that he would not have access to any significant non-public information during this period.
The specifics regarding the timing, cost, and volume of each purchase will be ascertained based on the prevailing market conditions at the time.
In the previous year, Miniso reported a substantial 26.2% surge in revenue, and the total number of stores climbed to 8,485.
What is the intended increase in Guofu Ye’s stake in Miniso Group Holding?
Guofu Ye plans to increase his stake by at least HK$50 million (US$6.4 million).
How will Ye execute the purchases for this increased stake?
Purchases will be made either on the open market or via private transactions, directly or through entities controlled by Ye.
What are Miniso’s recent performance indicators?
In the previous year, Miniso reported a 26.2% increase in revenue and the number of stores rose to 8,485.
