MiniMax plans to issue yuan shares, mulls STAR Market listing

AI company MiniMax Group Inc. announced today on the Hong Kong Stock Exchange that it plans to issue yuan-denominated shares and is considering a listing on the Shanghai Stock Exchange's STAR Market. The board has decided to explore the initial proposal for issuing yuan shares, which may involve hiring professional advisors and consulting with regulators.

After its successful listing in Hong Kong, MiniMax continues to evaluate capital market opportunities. It has now hired professional advisors for the STAR Market listing and signed a tutoring agreement. The progress depends on market conditions and necessary regulatory approvals.