Summary by Futu AI
Lufax Holding Ltd, a leading financial services provider for small business owners in China, announced a mandatory unconditional cash offer triggered by the election of a special dividend. The offer is made by Morgan Stanley on behalf of joint offerors An Ke Technology and Ping An Overseas Holdings, both subsidiaries of Ping An Group. The offer includes the acquisition of all issued Lufax shares and ADSs, excluding those already owned by the offeror group, and the cancellation of all outstanding Lufax options and unvested PSUs. The offer is not expected to result in the privatization of Lufax or delisting from the NYSE or the Stock Exchange. The offer price for Lufax shares is set at US$1.127 per share, and US...Show More