MINISO chairman unwinds 2023 collar transaction

He recovers 14 million Miniso shares.

Miniso Group has announced that its chairman and CEO, Guofu Ye, has fully unwound a personal collar transaction involving 14 million ordinary shares of the company.

The shares were originally transferred to a leading financial institution in 2023 as part of a prepaid forward contract between the dealer and Mini Investments SP1 Limited, a British Virgin Islands entity controlled by Ye.

In return, Mini Investments received a prepayment whilst agreeing to either repay in cash or deliver the shares at contract maturity.

As part of the unwinding, the financial institution has returned all 14 million shares to Mini Investments, effectively concluding the agreement.