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WuXi AppTec Co., Ltd. Class H ( (HK:2359) ) has issued an update.
WuXi AppTec Co., Ltd. has announced its plan to repurchase A shares for the second time in 2025, following a significant 20% decrease in share price over 20 consecutive trading days. This move, approved by the company’s board, aims to safeguard the company’s value, protect shareholder interests, and align the market price of its shares with their intrinsic value by using self-owned or self-raised funds. The repurchase plan reflects the company’s strategic response to market fluctuations and is designed to enhance investor confidence.
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 within the pharmaceutical and biotechnology industry. The company is primarily engaged in providing a broad range of services including research, development, and manufacturing for pharmaceutical, biotechnology, and medical device companies globally.
YTD Price Performance: -9.73%
Average Trading Volume: 6,892,160
Technical Sentiment Signal: Sell
Current Market Cap: HK$191.9B
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