WuXi AppTec sells WuXi XDC shares for CNY 2.18bn

WuXi AppTec (SSE:603259) announced it has sold 50,800,000 shares of WuXi XDC Cayman Inc. on April 1, 2025, representing approximately 4.23% of WuXi XDC’s total share capital. The transaction, executed via block trade, generated proceeds of approximately HKD 2.178 billion, or about CNY 2.18 billion, and representing 3.43% of the parent company’s latest audited net assets attributable to shareholders. The company intends to use the funds to fuel global capacity expansion and attract talent to enhance its CRDMO business model. WuXi AppTec anticipates an investment income of approximately CNY 1.85 billion from this transaction, potentially impacting the company’s 2025 interim net profit by the same amount.