2023-09-15 05:52:45 ET
- Miniso ( NYSE: MNSO ) board has authorized and approved a new share repurchase program, under which the company may repurchase up to $200 million of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares over a period of 12 months, commencing from approval date.
- The company expects to fund repurchases from surplus cash on its balance sheet.
- The board will review the 2023 buyback periodically, and may authorize adjustment of its terms and size.
- The share repurchase amount of $200 million represents ~2% of market cap of $9.36 billion as on Sep 14, 2023.
For further details see:
Miniso announces new $200M share repurchase program