WUXI BIO Surges 7% on Plan to Repurchase Up to $400 Million in Shares

Deep News

May 26

WUXI BIO's stock price experienced a sharp increase, rising nearly 7% to reach HKD 34.98, with current trading volume exceeding HKD 800 million.

The company announced on the Hong Kong Stock Exchange that its board has resolved to utilize the share repurchase mandate. Subject to any future general mandate for share repurchases approved by shareholders at the general meeting, the company plans to buy back shares in the open market from time to time, with a total value not exceeding USD 400 million.

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