WuXi AppTec Co., Ltd. (H-share code: 02359) has announced the issuance of 875,100 new H-shares on September 9, 2026, following the conversion of its US-dollar-denominated zero-coupon convertible bonds.
According to the company's filing, the shares were issued pursuant to the conversion of the RMB 6.78 billion zero-coupon convertible bonds due in 2027, which are settled in US dollars. This conversion reflects the ongoing financial engineering activities of the contract research organization giant.
The newly issued shares represent a strategic move to manage the company's debt structure while potentially capitalizing on favorable equity market conditions. Following this issuance, the total number of issued H-shares will increase accordingly, though the company did not specify the exact post-issuance total in its announcement.