An announcement from WuXi AppTec Co., Ltd. Class H ( (HK:2359) ) is now available.
WuXi AppTec Co., Ltd. announced the disposal of 50,800,000 shares in WuXi XDC Cayman Inc., representing about 4.23% of WuXi XDC’s total issued share capital, for approximately HK$2.178 billion. The proceeds from this transaction will be used to enhance global production capabilities and strengthen the company’s CRDMO model, with the disposal expected to significantly impact the company’s net profit for the first half of 2025.
More about WuXi AppTec Co., Ltd. Class H
WuXi AppTec Co., Ltd. operates in the pharmaceutical and biotechnology industry, offering an integrated Contract Research, Development, and Manufacturing Organization (CRDMO) business model. The company focuses on providing comprehensive services to global clients and patients, aiming to enhance production capacity and attract talent.
YTD Price Performance: 22.48%
Average Trading Volume: 6,342,839
Technical Sentiment Signal: Sell
Current Market Cap: HK$205.3B
Find detailed analytics on 2359 stock on TipRanks’ Stock Analysis page.