Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech

Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech

Wuxi AppTec, Asia’s largest provider of contract pharmaceutical research, has raised HK$7.70 billion (US$981 million) through a sale of additional shares in Hong Kong as it rides the wave of bullish appetite for Chinese biotechnology shares. The Shanghai-based company sold 73.8 million new shares to institutional investors at HK$104.27 each, a 6.9 per cent discount…

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Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech

Wuxi AppTec raises US$981 mn in Hong Kong offer amid growing appetite for Chinese biotech

Wuxi AppTec, Asia’s largest provider of contract pharmaceutical research, has raised HK$7.70 billion (US$981 million) through a sale of additional shares in Hong Kong as it rides the wave of bullish appetite for Chinese biotechnology shares. The Shanghai-based company sold 73.8 million new shares to institutional investors at HK$104.27 each, a 6.9 per cent discount…

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Zhejiang Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs

Zhejiang Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs

Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls had a tepid trading debut in Hong Kong on Monday, with investors selling shares following the initial public offering (IPO) frenzy. Trading under the code 2050, the stock began trading at HK$20.95 amid a declining market, 7.2 per cent lower than its offer price of HK$22.53, in…

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Tech war: DeepSeek fires up AI deployments into PCs, robots and EVs amid US sanctions

Tech war: DeepSeek fires up AI deployments into PCs, robots and EVs amid US sanctions

PC giant Lenovo Group, Shenzhen-based robotics firm UBTech and EV maker Geely are among the first major Chinese manufacturing enterprises to push DeepSeek technology into their products. Those initiatives reflect how much DeepSeek has caught the attention of the technology industry at home and abroad, following its recent AI breakthrough. The Hangzhou-based start-up released two…

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