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MINIMAX-W Plans to Issue RMB Shares, Evaluating STAR Market Listing
Recommend 14 Positive 29 Negative 12 |
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MINIMAX-W (00100.HK) announced that it has resolved to explore the preliminary proposal for the Proposed Issue of RMB Shares, which may involve (i) the entering into of agreements with professional advisors, and consultation and negotiation with relevant securities or other regulatory authorities. The Proposed Issue of RMB Shares, if proceeded, shall be conditional upon and subject to, among other things, market conditions and the necessary Regulatory Approval(s). After the successful listing of the Company on the Hong Kong Stock Exchange, the Company is assessing the capital markets continuously, including an assessment for listing on the STAR Market. The Company has engaged professional advisors to provide counselling on the Company’s compliance with the conditions of the listing on the STAR Market and entered into a tutoring agreement. Any concrete plan of the Proposed Issue of RMB Shares, if made by the Company, and the expected timing of the Proposed Issue of RMB Shares, will be subject to further approval of the Board and/or the Shareholders at a general meeting of the Company (as applicable), as well as the Regulatory Approvals, and thus may or may not be implemented. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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