WuXi AppTec sells $310 million of WuXi XDC stock

WuXi AppTec (2359.HK) has sold 86 million shares in WuXi XDC (2268.HK) for approximately HK$2.426 billion (approximately US$310 million) in two block trades. This represents 7.17% of WuXi XDC's total issued share capital. The proceeds will fund expansion of global production capacity, talent acquisition, and strengthening of WuXi AppTec's integrated CRDMO business model. Preliminary estimates indicate the disposals will contribute RMB720 million to 2024 net profit and RMB1.297 billion to 2025 net profit, with total investment gains of RMB2.016 billion over the past 12 months. These figures are subject to audit confirmation. The transactions are not classified as connected or notifiable under Hong Kong Listing Rules.