Movement Alert|WUXI XDC Falls 3.27% in Regular Trading, Major Shareholder Fifth Block Sale and Institutional Reduction Continue to Weigh on Shares

Market Focus
昨天

On August 31, WUXI XDC fell 3.27% in regular trading, trading at HK$71.2 per share with turnover of HK$153 million, marking consecutive sessions of retreat since a post-earnings surge of over 13%.

On the news front, WuXi AppTec sold 53.524 million shares of WUXI XDC via block trade on August 26, representing approximately 4.23% of total share capital, generating proceeds of roughly HK$3.92 billion and an estimated pre-tax gain of approximately RMB 3.143 billion. This marks WuXi AppTec's fifth disposal since November 2024, with cumulative proceeds totaling approximately HK$10.87 billion. WuXi AppTec stated the funds would be used to focus on its core CRDMO business and global capacity expansion. Concurrently, Schroders PLC reduced its holding by 2.494 million shares at an average price of HK$77.29 per share on the same date, lowering its stake from 5.05% to 4.86%, just weeks after raising it above 5%. The convergence of major shareholder and institutional selling, alongside profit-taking pressure following the sharp post-earnings rally, continues to suppress the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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