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An announcement from WuXi XDC Cayman, Inc. ( (HK:2268) ) is now available.
WuXi XDC Cayman, Inc. has announced the placement of up to 22,277,000 new shares under a general mandate, with the shares priced at HK$58.85 each. This move is expected to raise approximately HK$1,311.00 million in gross proceeds. The placement, which represents about 1.85% of the company’s existing issued share capital, is subject to certain conditions and will involve at least six independent third-party investors. The company plans to apply for the listing of these new shares on the Stock Exchange, although the completion of the placement is not guaranteed.
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
Find detailed analytics on 2268 stock on TipRanks’ Stock Analysis page.