WuXi XDC Launches Takeover Offer for BioDlink International, Forecasts Rise in 2025 Profit

MT Newswires Live

01/15

WuXi XDC (HKG:2268) made an offer to acquire BioDlink International (HKG:1875) for HK$4 per share in cash, according to a joint statement Wednesday.

Shares of the contract research, development and manufacturing organization fell nearly 3% in morning trade Thursday, while BioDlink jumped nearly 69%.

The offer represents a maximum consideration of HK$2.79 billion for the business. WuXi XDC plans to retain BioDlink's Hong Kong listing after the acquisition.

BioDlink said it had formed an independent board committee to advise shareholders on the offer.

Meanwhile, WuXi XDC said it expects its net profit for 2025 to rise by at least 38% year-on-year. The firm posted 1.07 billion yuan in profit attributable to owners for 2024.

Revenue for the year is expected to rise at least 45% when compared to the 4.05 billion yuan posted in 2024.

The company expects to post its financial results by March 23.

WuXi XDC is controlled by WuXi Biologics (HKG:2269).

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