WuXi AppTec's (HKG:2359) board agreed to implement a plan for the repurchase of up to 1 billion yuan of A shares in 2025, a Monday filing with the Hong Kong bourse said.
The buyback, which is subject to shareholder approval, will take place over 12 months through bidding on the Shanghai Stock Exchange.
The expected number of A shares to be bought back under the program is 10,863,661, representing roughly 0.38% of the firm's issued share capital.
The repurchased shares will be cancelled and the biotechnology company's registered capital reduced.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。