BEIJING (dpa-AFX) - MINISO (MNSO) said it has been informed by Guofu Ye, the chief executive officer and the controlling shareholder of MINISO, of the full unwinding of his personal collar transaction with a financial institution, or the Dealer. The deal has returned all 14 million ordinary shares of the company that were previously transferred to it as credit support in connection with a prepaid forward contract for this collar transaction. This Contract was entered into in 2023 between the Dealer and Mini Investments SP1, a BVI entity controlled by Ye.
Mini Investments transferred 14 million shares to the Dealer in return for a prepayment from the Dealer, while agreeing to settle the Contract at expiration with either a cash payment or delivery of the shares. With the unwinding, the company understands that Mini Investments has received back all 14 million shares.
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