Zhong Guo Jing Ji Wang·2025-08-01 08:43Core Viewpoint - WuXi AppTec (603259.SH) announced a plan to issue new H-shares based on the general authorization approved by its board, aiming to raise approximately HKD 7.65 billion for global expansion and operational funding [1][2][3] Group 1: Stock Performance - WuXi AppTec's A-shares closed at CNY 93.00, down 3.40%, while its H-shares closed at HKD 101.70, down 3.79% [1] - The previous day's closing prices were CNY 96.27 for A-shares and HKD 105.70 for H-shares, reflecting declines of 2.61% and 5.63% respectively [1] Group 2: Share Issuance Details - The proposed issuance will not exceed 20% of the currently issued H-shares, amounting to a maximum of 76,336,682 H-shares after accounting for necessary reserves due to convertible bond adjustments [2] - The planned placement will involve 73,800,000 H-shares, subject to adjustments by the Hong Kong Stock Exchange [2] Group 3: Pricing and Fund Utilization - The placement price is set at HKD 104.27 per share, representing a 6.9% discount to the previous closing price of HKD 112 [3] - Approximately 90% of the net proceeds, estimated at HKD 7.65 billion after expenses, will be allocated for global expansion and capacity building, while the remaining 10% will support general operational funding [3]