On July 17, MINIMAX-WP fell 6.64% in regular trading, trading at HK$239.6/share, with turnover of HK$121 million.

On the news front, the company confirmed on July 16 that it had completed the placement of 35.6 million new Class A shares and the issuance of HK$6.5 billion zero-coupon guaranteed convertible bonds due 2027, raising a combined total of approximately HK$16 billion. The placement was priced at HK$268 per share, representing a discount of approximately 9.89% to the last closing price prior to announcement. Following completion, the company's total issued shares increased from approximately 314 million to 349 million, representing a share capital expansion of roughly 11.35%, creating significant dilution pressure on existing shareholders.

The selling pressure is compounded by the first batch of approximately 48.9% restricted shares that were unlocked on July 9, which triggered a near-18% single-day plunge. Financial investors' concentrated selling from that unlock event has yet to be fully absorbed, and the cumulative effect of dilution and post-lockup liquidation continues to weigh on the stock in the near term.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)