Summary by Futu AI
Lufax Holding Ltd, a leading financial services provider for small business owners in China, announced a potential mandatory unconditional cash offer by An Ke Technology Company Limited and China Ping An Insurance Overseas (Holdings) Limited, both subsidiaries of Ping An Group. The offer is for all issued and outstanding ordinary shares and American Depositary Shares (ADSs) of Lufax, including those to be issued under the company's scrip dividend scheme approved by shareholders on May 30, 2024. The offer also extends to all outstanding options granted under the 2014 Share Incentive Plan and unvested performance share units under the 2019 Performance Share Unit Plan. This filing is preliminary and made before the commencement of a tender offer. The offer is not yet active, and...Show More