WuXi AppTec provides $150m guarantee between subsidiaries after ATU deal

WuXi AppTec Co., Ltd. (HKEX: 2359) announced that WuXi AppTec International Holdings Limited, a wholly-owned subsidiary, has provided a guarantee up to US$150 million for potential indemnity obligations of other subsidiaries, WuXi ATU (Ireland) Holding Limited and WuXi ATU (Hong Kong) Limited, following the completion of the sale of its WuXi Advanced Therapies (ATU) business to Altaris LLC. The guarantee is part of the transaction arrangements related to the ATU business sale. The guarantee will terminate five years after the closing date of the deal and does not trigger any reporting requirements under Hong Kong Listing Rules. As of March 10, 2025, the aggregate amount of external guarantees provided by the Company and its controlled subsidiaries is US$1.15 billion.