WuXi Biologics: Major shareholder to sell 2.04% stake

WuXi Biologics (HKEX:2269) announced that Biologics Holdings, a major shareholder, has entered into a block trade agreement to sell 82.94 million shares, representing approximately 2.04% of the company's total issued share capital. The shares are being placed at a price of HKD26.60 each. Following the placement, Biologics Holdings' stake in WuXi Biologics will decrease from 14.36% to 12.32%, and it will remain a substantial shareholder. Biologics Holdings has agreed not to dispose of any additional shares for 90 days following the closing of the placing. The company advises shareholders to exercise caution when dealing in the shares.