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WUXI XDC Plummets 6%+; Shareholder STA Pharmaceutical Cuts Stake
Recommend 6 Positive 9 Negative 6 |
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STA Pharmaceutical Hong Kong Investment, the shareholder of WUXI XDC (02268.HK), placed 37.8 million shares of the company at $30.855-31.515 per share, a discount of 4.5-6.5% to last Friday's closing price, Bloomberg cited a sales filing. The lock-up period is 90 days. Morgan Stanley is the sole bookrunner. WUXI XDC, with 50 million shares at $31.09 per share in block trade, opened 1.52% lower, bottoming at $28.6 this morning (13th). It last posted at $30.9, down 6.36%, with deals driven by share placing, which increased to 52.4255 million shares, involving $1.629 billion. AAStocks Financial News |
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