MINISO Group acquires 29.4% of Yonghui Superstores for RMB 6.3bn, becoming largest shareholder in 2025.

MINISO Group is set to acquire 29.4% of Yonghui Superstores for approximately RMB 6.3 billion, making it the largest shareholder. Yonghui operates about 850 supermarkets in China and generated RMB 78.6 billion in revenue in 2023. The acquisition aims to enhance Yonghui's self-branded products and improve efficiency. The deal is expected to close in the first half of 2025, pending standard closing conditions.

September 23, 2024
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