WuXi AppTec to List in Hong Kong By Investing.com

0
63
© Reuters.  WuXi AppTec is now planning another floatation in Hong Kong


© Reuters. WuXi AppTec is now planning another floatation in Hong Kong

TedsWoodworking Plans and Projects

Investing.com – Six months after issuing shares in Shanghai, drug research and development services company WuXi AppTec is now planning another floatation in Hong Kong.

Wuxi AppTech (SHA: 603259) will offer 116.5 million shares at between HK$64.10 and HK$71.50 to raise as much as HKD8.33 billion ($1.06 billion). For the six months to June 30, Wuxi AppTec reported revenue of $187.6 million.

The company’s shares in Shanghai were trading up 0.96% to CNY81 on Thursday morning.

The shares are expected to list on Dec. 13. Morgan Stanley (NYSE:), Huatai Financial and Goldman Sachs (NYSE:) (Asia) are jointly sponsoring the IPO.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here