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<Research>UBS: WUXI APPTEC Zero-Coupon CB Issuance Slightly Positive, Reflects Mgmt Confidence
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UBS published a research report on WUXI APPTEC (02359.HK), which announced the issuance of RMB6.78 billion one-year zero-coupon convertible bonds (CBs), priced at 103.5% of the principal amount. The initial conversion price is HKD153 per share, representing a premium of 17.6% over the previous trading day's closing price of HKD130.1. The broker viewed the move is slightly positive and reflects management's confidence in operations. UBS assigned a TP of HKD171.2 to WUXI APPTEC's H shares, with a rating of Buy. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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