WuXi XDC Cayman says BioDlink tender offer turns unconditional after 60% share acceptances

Reuters03-17 18:34
WuXi XDC Cayman says BioDlink tender offer turns unconditional after 60% share acceptances

WuXi XDC’s offer to buy the remaining shares of BioDlink reached the acceptance threshold after receiving valid acceptances for 463.67 million shares, representing 60% of BioDlink’s voting rights. The related offer to cancel BioDlink’s outstanding share options also became unconditional, with acceptances covering 6.51 million options, or 85.33% of the total. The offers are scheduled to remain open for acceptance until 31 March 2026. Cash settlement for valid acceptances is expected to be made no later than seven business days after the later of the unconditional date and receipt of completed acceptance documents.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wuxi XDC Cayman Inc. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260317-12055882), on March 17, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment