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WUXI APPTEC Plans to Raise USD650M via Shr Placement at Max. 7% Discount: Wire
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WUXI APPTEC (02359.HK) is seeking to raise around USD650 million through a share placement, Bloomberg reported, citing sales documents. It is understood that the placement price is set at HKD104.16-106.4 per share, a discount of about 5-7% to the company's closing price of HKD112 today (30th). There will be a three-month lock-up period. The funds raised will be used for global capacity expansion and general corporate purposes. Morgan Stanley is now assisting with the placement. AAStocks Financial News |
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