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WuXi AppTec Sells 4.23% Stake in WuXi XDC

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WuXi AppTec (HKG:2359, SHA:603259) sold about 53.5 million shares in WuXi XDC (HKG:2268) for about HK$3.92 billion through a block trade on Wednesday, according to a Thursday Hong Kong bourse filing.

The disposal represents about 4.23% of WuXi XDC's total issued shares.

The proceeds will be used to support the company's core business, expand global production capacity, attract and retain talent, and optimize its capital structure.

WuXi AppTec said the disposal is expected to generate a pre-tax investment gain of about 3.14 billion yuan in 2026, based on preliminary accounting calculations.

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