- MINISO's chairman, Guofu Ye, has fully unwound a personal collar transaction involving 14 million shares.
- The unwinding is seen as a sign of confidence in the company's long-term success.
- All 14 million shares have been returned to Mini Investments, reinforcing Ye's control.
The MINISO Group (MNSO, Financial) recently announced a significant development regarding its chairman, CEO, and controlling shareholder, Guofu Ye. He has fully unwound his personal collar transaction with a major financial institution, a move that involved 14 million ordinary shares. These shares were initially transferred to the dealer as credit support in connection with a prepaid forward contract initiated through Mini Investments SP1 Limited, a BVI entity controlled by Ye.
This collar transaction was established in 2023 and under the original agreement. Mini Investments received prepayment from the dealer, with an obligation to settle the contract at expiration either in cash or shares. With the unwinding, the dealer has returned all 14 million shares to Mini Investments. The company interprets this move as an exhibit of Ye's ongoing confidence in MINISO's sustained growth and success.
MINISO Group, a global retailer known for its trendy lifestyle products, reflects a positive outlook from this development. The return of shares to Mini Investments underlines Chairman Ye's belief in the company's expansive growth prospects and long-term performance.
