The board of directors stated that the company will fund these repurchases using surplus cash currently held on its balance sheet. This move succeeds the previous 2024 program, which saw the company acquire approximately HK$1.37 billion in shares before its conclusion. Management emphasized that the initiative is designed to balance the company's aggressive growth trajectory with the delivery of stable, long-term returns for shareholders.
MINISO Launches HK$2 Billion Share Buyback Program
MINISO Group Holding Limited has authorized a new share repurchase program valued at up to HK$2 billion. The retail giant intends to buy back its ordinary shares and American depositary shares from the open market over the next 12 months, citing a belief that current market prices undervalue the company.
Execution of the program will occur through open market purchases, block trades, or privately negotiated transactions, contingent upon market conditions and regulatory compliance. The company clarified that the buybacks will operate under the mandate approved by shareholders during the June 18, 2026, annual general meeting, with further repurchases subject to future shareholder authorizations. While the board retains full discretion over the timing and volume of these transactions, they maintain that the current financial position allows for this capital allocation without impacting daily working capital requirements.
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