WuXi AppTec (02359.HK) has completed the second share buyback plan for 2025.
The Intelligent Financial News APP reports that WuXi AppTec (02359.HK) has announced that, in order to actively uphold the company's value and shareholder interests, the company held the 20th meeting of the third board of directors on April 8, 2025, to review and approve the proposal "Regarding the Second Share Repurchase of Company A Shares in 2025 through Concentrated Bidding Trading." The company has agreed to use its own funds and/or self-raised funds to repurchase the company's A shares through concentrated bidding trading (the second share repurchase in 2025). The total amount of funds for the second share repurchase in 2025 is 1 billion RMB. The repurchase price for the second share repurchase in 2025 shall not exceed 97.24 RMB per share of A stock (inclusive). The repurchase period shall not exceed 3 months from the date of approval of the second share repurchase plan in 2025 by the board of directors, and the repurchased A shares will be cancelled and the registered capital reduced.
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