MiniMax Group states that its board approved exploring an RMB-denominated share issuance and that advisers were hired on May 31 for possible STAR Market listing preparations, subject to market conditions and regulatory approvals.
MiniMax Group Inc. said its board approved exploring a proposed issuance of RMB-denominated shares and that, on May 31, it hired professional advisers and signed a tutoring agreement related to a possible STAR Market listing. The company’s latest disclosure reinforces that the plan remains exploratory and is subject to market conditions and regulatory approvals. This updates the earlier framing of the move as preparatory work for a mainland China listing following MiniMax’s Hong Kong debut in January.