Summary by Moomoo AI
Wuxi Pharmaceutical Ming Kand New Drug Development Co., Ltd. conducted a series of share repurchases from 11 to 27 March 2024, which repurchased millions of shares of A common shares, but did not write them off. Under the Listing Rules of the Hong Kong Stock Exchange Limited, companies are required to disclose changes in issued share capital. During this period, the company's share repurchase price is sometimes at a premium compared to the market price and sometimes a discount. In addition, the Company exercised stock options under the 2019 A-share incentive plan on March 27, 2024 and issued 1,300 shares of A-shares ordinary shares. The Company confirms that all relevant share issues have been formally authorized and approved by the Board of Directors and have complied with all applicable listing rules and legal requirements.