Summary by Futu AI
Ping An Insurance and its affiliated companies issued a joint announcement on August 30, 2024, announcing that Morgan Stanley, on behalf of the joint offeror, has made a mandatory unconditional cash offer to Lufax Holdings Limited (referred to as Lufax) to acquire all issued shares and American depositary shares of Lufax and cancel all unvested Lufax options. In addition, there will be arrangements for all unvested Lufax performance share units. Due to the need for more time to determine matters related to the US offer, the deadline for mailing the composite document has been extended to September 30, 2024. China Ping An Insurance (Group) Co., Ltd., Anker Technology Co., Ltd., and the Board of Directors of Lufax are responsible for the accuracy of the announcement and confirm that there are no omissions.