WuXi AppTec Co., Ltd. Class H (HK:2359) has released an update.
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WuXi AppTec Co., Ltd. has announced the completion of a significant share acquisition, purchasing 27,478,428 H Shares for HK$1 billion to incentivize core employees under the 2024 H Share Award and Trust Scheme, conditional on the company achieving a revenue target of RMB38.3 billion in 2024. The Scheme Trustee completed the purchase at the prevailing market price, amounting to roughly 0.94% of the total issued share capital. Shareholders and investors are reminded to be mindful of the investment risks and the uncertainty of the Basic Condition of Grant being met.
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