Mini Max has released 45% of the shares and dropped nearly 20% on the stock
On 9 July, Mini Max-W (00100.HK) arrived at the first large-scale sale-restricted stock on the market after six months. As a result of a significant increase in the number of new market shares, the company ' s stock exchange fell by about 20 per cent at a time, with a minimum impact near HK$ 290, the market value fell to about HK$ 91 billion, a cumulative reduction of about 78 per cent from the high point of about HK$ 41 billion in March, making it one of the most recently adjusted shares in the AI block. The focus of market attention was not on sudden changes in corporate fundamentals, but on the scale of the ban, which was much larger than most of the new shares in the recent past. According to statistics, about 45 per cent of the issued shares ended the locking-off on the same day, and the increase in the size of MiniMax ' s new marketable shares was significantly greater and had a more direct impact on the supply-demand relationship than the release of approximately 5.76 per cent of the shares in the intellectual spectrum the previous day。
