Miniso's shares plunged 40% to HK$20 on Tuesday after the company announced buying a 29.4% stake in Chinese supermarket operator Yonghui Superstores for over ₹7,450 crore. Yonghui has logged three straight years of net losses. The cumulative losses reached 8 billion yuan as of 2023. Miniso is buying Yonghui's shares at a 3.1% premium to Yonghui's September 20 closing price.