MINIMAX-WP's stock price plummeted 5.12% during intraday trading on Wednesday, reflecting significant selling pressure.
The sharp decline appears to be driven by investor concerns over capital management proposals announced for the company's upcoming Annual General Meeting (AGM). The AGM agenda includes a general share issuance mandate that would allow the board to allot, sell, or transfer new shares representing up to 20% of the currently issued Class A ordinary shares. Furthermore, an extension mandate could increase this potential new-issue capacity to 30% of the current issued share capital, raising fears of significant equity dilution among shareholders.
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