MINIMAX-WP Explores Potential Issuance of Renminbi-Denominated Shares

Stock News
May 31

MINIMAX-WP (00100) has announced that it has resolved to explore a preliminary proposal for the potential issuance of Renminbi-denominated shares. This exploration may involve, among other things, (i) entering into agreements with professional advisors, and (ii) conducting consultations and negotiations with relevant securities or other regulatory bodies. Any potential issuance of Renminbi shares, if pursued, will be contingent upon and subject to various factors, including market conditions and the receipt of necessary regulatory approvals.

Following its successful listing on The Stock Exchange of Hong Kong, the company has been continuously evaluating capital market opportunities, including an assessment of a potential listing on the Science and Technology Innovation Board (STAR Market). As of the date of this announcement, the company has engaged professional advisors to provide counsel on meeting the listing requirements for the STAR Market and has entered into a corresponding guidance agreement.

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