WuXi AppTec recently announced the completion of its A-share repurchase plan and the implementation of repurchase and cancellation matters in the A+H markets. The announcement came on the evening of February 5, just one weekend after the A-share repurchase plan was disclosed.
The company moved quickly to complete the A-share repurchase on the first day of its implementation. According to the plan, all repurchased shares will be canceled after the repurchase process is completed. This move is seen as a way to safeguard the company’s value and shareholders’ rights.
This news comes on the heels of WuXi AppTec’s recent completion of the repurchase and cancellation of H shares involved in the 2023 Award Trust Plan in the Hong Kong stock market. In just one month, the company has completed repurchases with a total market value of more than 2 billion yuan in both markets.
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