Wuxi AppTec has announced the execution of a share repurchase program.
The company purchased 1,032,400 of its own shares on June 2, 2026.
The total consideration for the buyback was HK$132 million.
The repurchase price per share ranged between HK$122.6 and HK$130.2.
WUXI APPTEC (HKG: 02359)
The share repurchase reflects the company's confidence in its intrinsic value and long-term prospects.
Such buyback programs are often viewed as a method to return capital to shareholders.
The action may also be interpreted as a signal that management believes the stock is undervalued.
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