WuXi AppTec raises share buyback price ceiling 26%

WuXi AppTec raised the upper limit for its share repurchase program from RMB 90.72 per share to RMB 114.15 per share, a 26% increase.

As of July 28, the company had repurchased 6.5 million shares for RMB 497 million at an average price of RMB 76.34 per share. The highest price paid was RMB 90.70 per share.

The company said the adjustment reflects recent stock price increases and ensures smooth implementation of the buyback plan.