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WuXi AppTec Co., Ltd. Class H ( (HK:2359) ) has issued an update.
WuXi AppTec Co., Ltd. has announced a placing agreement to issue 73,800,000 new H shares, representing a significant percentage of its existing issued shares. This move is aimed at raising capital through professional, institutional, and other independent investors, and the shares will be issued under a general mandate without requiring further shareholder approval. The completion of the placing is contingent upon certain conditions and the rights of the placing agents, and there is no guarantee that it will proceed as planned.
The most recent analyst rating on (HK:2359) stock is a Buy with a HK$50.00 price target. To see the full list of analyst forecasts on WuXi AppTec Co., Ltd. Class H stock, see the HK:2359 Stock Forecast page.
More about WuXi AppTec Co., Ltd. Class H
WuXi AppTec Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the biopharmaceutical industry. The company provides a broad range of services including research, development, and manufacturing support for pharmaceutical, biotechnology, and medical device companies.
Average Trading Volume: 7,199,718
Technical Sentiment Signal: Buy
Current Market Cap: HK$281.7B
For detailed information about 2359 stock, go to TipRanks’ Stock Analysis page.