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The latest update is out from WuXi XDC Cayman, Inc. ( (HK:2268) ).
WuXi XDC Cayman Inc. has entered into a Subscription Agreement to issue and allot 24,134,000 new shares to a controlling shareholder at a price of HK$58.85 per share, totaling approximately HK$1,420.29 million. This transaction, constituting a connected transaction under the Listing Rules, requires approval from independent shareholders and involves the establishment of an Independent Board Committee and the appointment of an Independent Financial Adviser to ensure compliance and transparency.
The most recent analyst rating on (HK:2268) stock is a Buy with a HK$74.00 price target. To see the full list of analyst forecasts on WuXi XDC Cayman, Inc. stock, see the HK:2268 Stock Forecast page.
More about WuXi XDC Cayman, Inc.
Average Trading Volume: 6,566,806
Technical Sentiment Signal: Buy
Current Market Cap: HK$68.18B
Learn more about 2268 stock on TipRanks’ Stock Analysis page.