WuXi AppTec major shareholders announce significant share sale plan
WuXi AppTec Co., Ltd. announced that its controlling shareholders, including entities managed by actual controllers Ge Li, Zhang Zhaohui, and Liu Xiaozhong, intend to reduce their stakes in the company. These shareholders collectively hold 543,364,675 A-shares, representing 18.211% of the total share capital. The planned reduction, driven by personal capital needs, will occur within three months following 15 trading days from the announcement date, from November 20, 2025, to February 17, 2026.
The total shares to be divested will not exceed 59,675,143 A-shares, or 2% of the company's total share capital. This will be carried out through a combination of centralized bidding and block trades. The maximum for centralized bidding within any 90-day period is 29,837,571 shares (1% of total share capital), while block trades can amount to up to 59,675,143 shares (2% of total share capital) within any 90-day period.
All shares to be sold were acquired prior to the company's IPO or through subsequent capital reserve transfers. Purchasers in block trades are subject to a six-month lock-up period. The actual volume and price of the share reduction will depend on market conditions and other factors.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when WuXi AppTec publishes news
Free account required • Unsubscribe anytime