GUANGZHOU, China, July 6, 2022
/PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO)
("MINISO," "MINISO Group" or the "Company"), a global retailer
offering a variety of design-led lifestyle products, today
announced the pricing of its global offering (the "Global
Offering") of an aggregate of 41,100,000 ordinary shares of the
Company. The Global Offering is comprised of a Hong Kong public offering (the "Hong Kong
Public Offering") and an international offering (the "International
Offering").
The final offer price for both the International Offering and
the Hong Kong Public Offering (the "Offer Price") has been set as
HK$13.80 per share. Based on the
ratio of four ordinary shares per NYSE-listed American depositary
share ("ADS"), the Offer Price translates to approximately
US$7.08 per ADS, based on an exchange
rate of HK$7.7996 to US$1.00 as of the year end of 2021 for
illustration purposes.
Subject to approval from The Stock Exchange of Hong Kong Limited
(the "Hong Kong Stock Exchange"), the ordinary shares of the
Company are expected to begin trading on the Main Board of the Hong
Kong Stock Exchange on or about Wednesday,
July 13, 2022 under the stock code "9896." The Global
Offering is expected to close on the same day, subject to customary
closing conditions.
The Company has granted an over-allotment option to the
international underwriters, exercisable by the stabilizing manager
on behalf of the international underwriters, until the 30th day
from the day following the last day for lodging applications under
the Hong Kong Public Offering, to purchase up to 6,165,000
additional ordinary shares of the Company at the Offer
Price.
The net proceeds to the Company from the Global Offering, after
deducting underwriting fees and the offering expenses payable by
the Company, are expected to be approximately HK$475.7million (assuming the over-allotment
option is not exercised). The Company plans to use the net proceeds
from the Global Offering for its store network expansion and
upgrade, supply chain improvement and product development,
strengthening its technology capabilities, continuing to invest in
brand promotion and incubation, capital expenditures, and working
capital and general corporate purposes.
Merrill Lynch (Asia Pacific)
Limited, Haitong International Capital Limited and UBS Securities
Hong Kong Limited (in alphabetical order) are the joint sponsors
for the proposed Global Offering. Merrill Lynch (Asia Pacific) Limited, Haitong International
Securities Company Limited and UBS AG Hong Kong Branch (in
alphabetical order) act as the joint global coordinators for the
proposed Global Offering. Merrill Lynch (Asia Pacific) Limited, Haitong International
Securities Company Limited, UBS AG Hong Kong Branch and UBS
Securities LLC (in relation to International Offering only) (in
alphabetical order) are the joint bookrunners for the proposed
Global Offering. Merrill Lynch (Asia
Pacific) Limited, Haitong International Securities Company
Limited, UBS AG Hong Kong Branch, UBS Securities LLC (in relation
to International Offering only) (in alphabetical order), Futu
Securities International (Hong
Kong) Limited and GF Securities (Hong Kong) Brokerage Limited are the joint
lead managers for the proposed Global Offering.
The International Offering is being made only by means of a
prospectus supplement and the accompanying prospectus. The
accompanying prospectus is included in an automatic shelf
registration statement on Form F-3 filed with the U.S. Securities
and Exchange Commission (the "SEC") on March
31, 2022, which automatically became effective upon filing.
The automatic shelf registration statement on Form F-3 and the
preliminary prospectus supplement dated June
29, 2022 are available on the SEC's website at
http://www.sec.gov. The final prospectus supplement will be filed
with the SEC and will be available on the SEC's website at
http://www.sec.gov. When available, copies of the final prospectus
supplement and the accompanying prospectus relating to the offering
may also be obtained from BofA Securities, Inc., NC1-004-03-43, 200
North College Street, 3rd Floor, Charlotte, NC 28255-0001, United States of America, Attention:
Prospectus Department, by telephone at +1 (800) 294-1322 or by
email at dg.prospectus_requests@bofa.com; Haitong International
Securities Company Limited, 22/F, Li Po
Chun Chambers, 189 Des Voeux Road Central, Hong Kong, Attention: Equity Capital Markets,
or by telephone at +852-2848-4333 or by email at ecm@htisec.com;
UBS Securities Hong Kong Limited, 52/F, Two International Finance
Centre, 8 Finance Street, Central, Hong
Kong, Attention: Equity Capital Market, by telephone at +852
2971-8888 or by email at ol-gb+-project-h@ubs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer or an invitation to buy any securities,
nor shall there be any offer or sale of these securities in any
state or other jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other jurisdiction.
This press release does not constitute a prospectus (including as
defined under the laws of Hong
Kong) and potential investors should read the prospectus of
the Company for detailed information about the Company and the
offering, before deciding whether or not to invest in the Company.
This press release has not been reviewed or approved by Hong Kong
Stock Exchange or the Securities and Futures Commission of
Hong Kong.
The price of the shares offered in the Global Offering may be
stabilized in accordance with the Securities and Futures (Price
Stabilizing) Rules. The details of the intended stabilization and
how it will be regulated under the Securities and Futures Ordinance
(Chapter 571 of the Laws of Hong
Kong) are contained in the prospectus of the Company dated
June 30, 2022.
About MINISO Group
MINISO is a global retailer offering a variety of design-led
lifestyle products. The Company serves consumers primarily through
its large network of MINISO stores, and promotes a relaxing,
treasure-hunting and engaging shopping experience full of
delightful surprises that appeals to all demographics. Design,
quality and affordability are at the core of every MINISO product
it delivers, and the Company continually and frequently rolls out
products of these qualities. Since the opening of its first store
in China in 2013, the Company has
built its flagship brand "MINISO" as a globally recognized retail
brand and established a store network worldwide.
For more information, please visit https://ir.miniso.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "potential,"
"continue," or other similar expressions. MINISO may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission (the "SEC"), in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about MINISO's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company's reports filed with, or furnished to the SEC. All
information provided in this press release and in the attachments
is as of the date of this press release, and MINISO undertakes no
obligation to update any forward-looking statement, except as
required under applicable law.
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SOURCE MINISO Group Holding Limited