Tencent-backed retailer Miniso turns to Hong Kong in hedge against US delisting

Tencent-backed retailer Miniso turns to Hong Kong in hedge against US delisting

FILE PHOTO: The logo of Chinese low-cost lifestyle and consumer products retailer Miniso is pictured in Tokyo, Japan August 10, 2018. REUTERS/Kim Kyung-Hoon

Miniso Group Holding Ltd., a New York-listed Chinese take on Japanese retailer Muji, will go ahead with a second listing in Hong Kong next month, as more Chinese companies seek IPOs in the Asian tech hub to hedge against getting booted from US exchanges.

Miniso aims to sell 41.1 million ordinary shares for as much as HK$22.10 ($2.82) a piece, with 36.9 million destined for investors outside the city.

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