Brief: MiniMax Announces Placement To Raise Gross Proceeds of HK$9.54 Billion

MiniMax

10/07/2026 01:05

July 10 (Reuters) - MiniMax Group Inc 0100.HK:
ANNOUNCES PLACING OF 35.6 MILLION NEW CLASS A SHARES UNDER GENERAL MANDATE
PLACING PRICE SET AT HK$268 PER PLACING SHARE
PLACING EXPECTED TO RAISE HK$9540.8 MILLION GROSS, HK$9491.41 MILLION NET
INTENDS TO USE PROCEEDS FROM PLACING FOR CONTINUING ENHANCING ITS AI INFRA AND MODEL RESEARCH AND DEVELOPMENT, OTHERS
PROPOSES ISSUE OF HK$6500 MILLION ZERO COUPON GUARANTEED CONVERTIBLE BONDS DUE 2027
BONDS CONVERTIBLE INTO CLASS A SHARES AT INITIAL CONVERSION PRICE OF HK$335
Further company coverage: 0100.HK

 ((Reuters.Briefs@thomsonreuters.com;))