Movement Alert|WuXi XDC Falls 3.01% in Regular Trading, Intensive Buybacks Fail to Reverse Sustained Selling Pressure Across WuXi Cluster

Market Focus
06/03

On June 3, WuXi XDC fell 3.01% in regular trading, trading at 53.2 HKD/share, with trading volume of approximately 32.21 million HKD. The stock had rebounded for only two trading days before resuming its downward trajectory.

On the news front, the company previously disclosed that its professional trustee purchased 5.702 million shares on the open market between May 19 and 29 at an average price of 57.3 HKD, with total consideration of approximately 327 million HKD funded entirely from internal resources. Additionally, the company announced a proposal to seek shareholder approval at its AGM to authorize buybacks of up to 10% of issued share capital. Combined with parent WuXi Biologics' up-to-400-million-USD buyback plan, the WuXi group's aggregate repurchase scale reaches 500 million USD. Despite these intensive buyback measures, selling pressure persisted across the sector, with WuXi Biologics declining 4.89% and WuXi AppTec falling 2.54%.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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