Miniso Group mulls spin-off of its pop toy business
The plan is preliminary, with no assurance of the timing, listing venue or other details, the lifestyle products retailer said in a statement.
Miniso has hired JPMorgan Chase & Co. and UBS Group AG for a planned initial public offering of the unit, TOP TOY, in Hong Kong, Bloomberg reported on Wednesday, citing sources.
The TOP TOY brand saw a 58.9 per cent rise in its March quarter revenue and an increase of 120 net new stores from a year before.
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