China-based MINISO Group Holding Limited (MNSO), a global value retailer of design-led lifestyle products, on Tuesday announced a share repurchase program under which the Company can repurchase up to $200 million of its outstanding Class A ordinary shares and/or American depositary shares representing its Class A ordinary shares, effective until September 21, 2022.
The company expects to fund repurchases under this program from surplus cash on its balance sheet.
Shares of MINISO Group Holding Limited are currently trading in pre-market at $10.33, up $0.85 or 8.97 percent from previous close.
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