WuXi AppTec raises HK$7.7bn through share placement

WuXi AppTec Co., Ltd. announced a placement of 73.8 million new H shares at HK$104.27 per share, raising approximately HK$7.7 billion.

Proceeds will primarily fund global facility expansion and capacity building, with about 10% allocated for general corporate use. The placement price represents a 6.90% discount to the July 30 closing price.

The new shares will represent 2.57% of total existing shares, or 2.51% post-placement assuming full subscription.