Date of Report: September 30, 2024
Broker Name: CGS International Securities

Acquisition by Miniso
Yonghui Superstores, a Shanghai-listed company, is set to be acquired by Miniso. DFI, the parent company, has decided to divest its entire stake in Yonghui Superstores, comprising 1.9 billion shares. The total value of this deal is approximately RMB 4.5 billion (S$823.6 million). This transaction marks a significant shift in Yonghui’s ownership structure, transferring a substantial holding to Miniso.

Strategic Implications of the Deal
This acquisition provides Miniso with a considerable stake in the Chinese retail market through Yonghui Superstores. The deal represents a strategic move by Miniso to expand its presence in the supermarket and retail sector in China, leveraging Yonghui’s established footprint. For DFI, this divestment allows for the reallocation of capital and resources into other ventures or strategic priorities.

This section outlines the key details regarding Yonghui Superstores, extracted from the September 30, 2024, report, focusing on its acquisition by Miniso and the broader strategic impact of the transaction.