May 21, 2020 / 12:51 AM / 5 days ago

BRIEF-Wuxi Biologics Cayman Says Informed By Wuxi Biologics Holdings It Entered Block Trade Deal

May 21 (Reuters) - Wuxi Biologics Cayman Inc:

* INFORMED BY WUXI BIOLOGICS HOLDINGS IT ENTERED INTO A BLOCK TRADE AGREEMENT

* WUXI BIOLOGICS HOLDINGS TO PLACE 60 MILLION CO’S SHARES AT HK$127.18 EACH

* SHARES PLACED REPRESENT 4.61% STAKE

* IF PLACEMENT COMPLETES, STAKES HELD BY BIOLOGICS HOLDINGS IN CO WILL DECREASE FROM ABOUT 31.49% TO 26.89%

* AFTER PLACEMENT, BIOLOGICS HOLDINGS WILL CEASE TO BE A CONTROLLING SHAREHOLDER OF CO Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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