WuXi AppTec Co., Ltd. Class H (HK:2359) has released an update.
WuXi AppTec Co., Ltd. has successfully completed its second share repurchase plan, buying back 21,593,780 A Shares at an average price of RMB46.31 per share, for a total expenditure of just over RMB1 billion. This move, aimed at safeguarding shareholder value and reducing registered capital, will see the repurchased shares cancelled without materially impacting the company’s operations or financial stability.
For further insights into HK:2359 stock, check out TipRanks’ Stock Analysis page.
