Stock Track | MINIMAX-WP Plummets 5.57% Intraday Due to Share Issuance Dilution

Stock Track01-15

MINIMAX-WP (00100) saw its stock price plummet by 5.57% during the intraday session on Thursday, reflecting investor concerns over share dilution.

The drop followed the company's announcement of issuing 4.3796 million new Class A ordinary shares as a result of the full exercise of the over-allotment option. Such share issuances often lead to dilution of existing shareholders' stakes, which can negatively impact the stock price in the short term.

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