Stock Track | MINISO Group Plummets 8.67% on Equity-Linked Securities Offering Plan

Stock Track

Jan 06, 2025

MINISO Group Holding Limited (MNSO) saw its stock price plummet by 8.67% on Monday, following the company's announcement of plans to raise $550 million through an offering of equity-linked securities maturing in 2032.

The company said the securities will bear a 0.5% annual interest rate, and holders may exchange them for cash starting six years after the offering's closing date. MINISO also plans related call spread transactions to limit share dilution and reduce market risk.

Half of the net proceeds from the offering and call spread transactions will be allocated toward growth projects, while the other half will fund share repurchases under existing programs, according to MINISO. The offering is expected to close around January 14.

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MINISO also plans related call spread transactions to limit share dilution and reduce market risk.</p>\n\n<p>Half of the net proceeds from the offering and call spread transactions will be allocated toward growth projects, while the other half will fund share repurchases under existing programs, according to MINISO. The offering is expected to close around January 14.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNSO","symbol_name":"名创优品","start_time":0,"source_url":"","article_id":"1131417354","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131417354","pubTimestamp":1736176223,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MINISO Group Holding Limited  saw its stock price plummet by 8.67% on Monday, following the company's announcement of plans to raise $550 million through an offering of equity-linked securities maturing in 2032.The company said the securities will bear a 0.5% annual interest rate, and holders may exchange them for cash starting six years after the offering's closing date. 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