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WUXI APPTEC Plans to Issue RMB6.78B CBs
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WUXI APPTEC (02359.HK) announced a proposed issuance of RMB6.78 billion USD-settled zero-coupon convertible bonds due 2027. The initial conversion price is HKD153 per H share, representing a premium of approximately 17.6% over the closing price of HKD130.1 on the previous day (14th). The bonds may be fully converted into approximately 51.147 million H shares, equivalent to about 9.11% of the enlarged total issued H share capital and about 1.69% of the enlarged total issued share capital. Based on the subscription, the estimated net proceeds are approximately USD1.023 billion. About 90% will be used for global capacity and capability expansion, while approximately 10% will be used for general corporate purposes. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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