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WuXi AppTec Co., Ltd. Class H ( (HK:2359) ) has shared an announcement.
WuXi AppTec Co., Ltd. has announced the disposal of 86 million shares in WuXi XDC Cayman Inc., representing approximately 7.17% of the latter’s total issued share capital, for HK$2.426 billion. The proceeds from this transaction will be used to enhance WuXi AppTec’s global production capabilities and talent acquisition, positioning the company to better serve its international clientele and maintain its competitive edge in the CRDMO sector.
More about WuXi AppTec Co., Ltd. Class H
WuXi AppTec Co., Ltd. is a company incorporated in the People’s Republic of China, focusing on the Contract Research, Development, and Manufacturing Organization (CRDMO) industry. The company aims to strengthen its global production capacity and integrated business model to meet client and patient needs.
YTD Price Performance: -5.40%
Average Trading Volume: 6,207,300
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$160.7B
Learn more about 2359 stock on TipRanks’ Stock Analysis page.
