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The latest announcement is out from WuXi AppTec Co., Ltd. Class H ( (HK:2359) ).
WuXi AppTec Co., Ltd. announced the disposal of 30,300,000 shares in WuXi XDC Cayman Inc., representing approximately 2.47% of WuXi XDC’s total issued share capital, for approximately HK$2.346 billion. The proceeds from this transaction will be used to enhance global production capacity and capabilities, attract talent, and strengthen the company’s integrated CRDMO business model, with the net realized investment gains significantly impacting the company’s net profit for 2025.
The most recent analyst rating on (HK:2359) stock is a Buy with a HK$106.00 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 company based in the People’s Republic of China, operating in the pharmaceutical and biotechnology industry. It focuses on providing Contract Research, Development, and Manufacturing Organization (CRDMO) services to global clients and patients.
Average Trading Volume: 9,302,716
Technical Sentiment Signal: Buy
Current Market Cap: HK$354.1B
For detailed information about 2359 stock, go to TipRanks’ Stock Analysis page.