本次交易完成后，公司第一大股东变更为骏才国际，合计持有公司股份29.40%。Miniso's actual controlling company Juncai International acquired 29.4% of the equity of Yonghui Superstores for 6.3 billion RMB. Analysis suggests that as a rapidly globalizing retail brand in China, the collaboration between Miniso and Yonghui is expected to create a "Chinese version of Sam's Club".
Miniso made a bold move with 6.27 billion yuan, seizing the position of the largest shareholder of yonghui superstores!
According to the announcement of yonghui superstores on September 23, on September 23, the company's shareholders, Milk Company, jd.com World Trade, and Suqian Hanbang, plan to transfer their respective holdings of 1.913 billion shares, 0.367 billion shares, and 3.87 billion shares of the company to Guangdong Juncai International Trading Co., Ltd. through agreement transfer, accounting for 21.08%, 4.05%, and 4.27% of the total share capital of the company, respectively.
After the completion of this transaction, the company's largest shareholder will change to Juncai International, holding a total of 29.40% of the company's shares. Juncai International and its controlling party miniso will join hands with yonghui superstores to transform into a quality retail mode.
After the announcement, miniso's US stocks plunged at the opening, closing down more than 16%. As of the time of publication, yonghui superstores have a market cap of 20.4 billion yuan.
With the increasing competition in the retail trade industry, traditional retailers are facing even more severe transformation challenges.
Yonghui superstores operate approximately 850 stores in 25 provinces in China, with a net loss of 1.36 billion yuan in 2023 and a decrease in revenue compared to the same period last year.
Facing declining performance and the pressure of closing stores, yonghui superstores had previously attempted self-transformation by imitating and learning from successful supermarket models such as membership stores (like Sam's Club, Costco) and Pingdonglai.
However, the transformation has not achieved consistent success nationwide, and some yonghui superstores still face challenges with local adaptation, and their performance is also below expectations.
On August 23, yonghui superstores released the 2024 interim report. The report shows that in the first half of 2024, yonghui achieved revenue of 37.779 billion yuan, a decrease from the same period last year. From January to June 2024, yonghui superstores' revenue composition was: retail trade accounting for 93.61%, and service industry accounting for 6.39%.
Editor/Lambor
