Chinese pharma giant pumps $350m into dormant Irish entity

Wuxi AppTec was recently named as a ‘company of concern’ by US lawmakers over alleged links to the Chinese military

An aerial image of WuXi Biologics plant in Dundalk, Co Louth

Wuxi AppTec, the Chinese pharma giant, has pumped almost $350 million into a dormant Irish entity.

The cash injection into Wuxi Atu (Ireland) Holding Limited has come following a declaration in 2023 by the directors of the firm that they were preparing to wind up the entity.

A new filing with the Companies Registration Office shows that a Hong Kong-based subsidiary of Wuxi AppTec injected $348 million in cash into Wuxi Atu (Ireland) Holding Limited ...