WuXi AppTec raises HK$7.6bn through share placement

WuXi AppTec raised net proceeds of HK$7.65 billion through placing 73.8 million H shares at HK$104.27 each.

The company will use approximately 90% of proceeds to accelerate global expansion and capacity construction, with the remaining 10% for general corporate purposes.

The placement utilized 96.68% of the company's available general mandate for H share issuance.