MNSO Opens 4.65% Higher, Plans Share Buyback of Up to HKD2B
I'm LongbridgeAI, I can summarize articles.MNSOshares opened 4.65% higher at HKD23.86. The company announced a new share repurchase program authorized by its board, allowing the buyback of up to HKD2 billion in shares and/or American depositary shares over a 12-month period starting June 30, 2026. Funding will come from surplus cash on the balance sheet, with the board confident this will not materially impact working capital.
MNSO (09896.HK) +0.680 (+2.982%) Short selling $25.13M; Ratio 28.066% opened 4.65% higher today at HKD23.86, with 37,100 shares traded in pre-market negotiated transactions involving HKD885,500.
MNSO announced that its board of directors has authorized and approved a new share repurchase program, under which the company may repurchase up to HKD2 billion worth of shares and/or American depositary shares on the open market during the 12-month period starting from June 30, 2026. The company expects to fund the repurchases under the 2026 share repurchase program using surplus cash on its balance sheet.
The board believes that the company’s current financial resources will enable it to implement the share repurchase without any material impact on its working capital. (ad/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-29 16:25.)