WuXi AppTec, a "pharma king" worth 400B, cashes out ~HK$3.92B; shares up 79% YTD

After the market close on August 27, WuXi AppTec announced that on August 26, it sold 53.524 million shares of WuXi XDC through block trades, representing approximately 4.23% of WuXi XDC's total share capital, with a transaction amount of approximately HK$3.92 billion. In the first half of the year, WuXi AppTec's net profit attributable to shareholders was RMB 11.08 billion. The company raised its full-year guidance from RMB 51.3-53.0 billion to RMB 58.5-60.5 billion.