China's Wuxi Apptec to raise over $980 million through share placement

WuXi AppTec

31/07/2025 24:48

July 31 (Reuters) - Wuxi Apptec 603259.SS said on Thursday it will be raising HK$7.70 billion ($980.98 million) through a share placement.

The Chinese biotechnology giant will place 73.8 million new H Shares at a price of HK$104.27 per share.

($1 = 7.8493 Hong Kong dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Alan Barona)

 ((Adwitiya.Srivastava@thomsonreuters.com))