WuXi AppTec (02359) Shareholder Transfers HKD 1.051 Billion Shares from HSBC to Citibank

Market Watcher
2025/07/16

Hong Kong Exchanges and Clearing Limited disclosed on July 15 that a shareholder of WuXi AppTec (02359) transferred holdings valued at HKD 1.051 billion from HSBC Hong Kong to Citibank, representing 3.08% of the company's total shares. Concurrently, Goldman Sachs revised its financial projections, elevating WuXi AppTec's full-year revenue forecast by 2.3% to RMB 44 billion, citing accelerated growth in the TIDES division. The investment bank also raised EPS estimates for 2025-2027 by 3.8%, 4%, and 3.5% respectively, while boosting its H-share target price from HKD 74.9 to HKD 85.5.

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