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Hong Kong: WuXi XDC spin-off and HKEX listing approaches

31 October 2023
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Exchange Square, home of the Hong Kong Stock Exchange

Hong Kong-listed WuXi Biologics’ proposed spin-off and Hong Kong listing of shares in subsidiary WuXi XDC has moved into pre-marketing, according to reports. In June, WuXi Biologics, a global Contract Research, Development, and Manufacturing Organization (CRDMO), announced the proposed spin-off and separate listing of its subsidiary WuXi XDC on the Main Board of the Hong Kong Stock…

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Nick Herbert has over 30 years’ experience in the financial markets, as both a practitioner and journalist. He started work as an investment banker in London, before joining International Financing Review (IFR) to report on debt capital markets and derivatives. He moved to Singapore in 2000 to manage IFR’s financial markets editorial team throughout Asia, before returning to London in 2009 to take up the position of Publisher for Reuters Capital Markets Publications. For the last five years he has been covering global capital markets, ESG finance and healthcare markets on a freelance basis.

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