Ping An Insurance Company of China (HK:2318) has released an update.
Ping An Insurance and its affiliates have made a joint announcement about the potential mandatory unconditional cash offers for all Lufax shares and ADSs, excluding those already within the offeror group, and the cancellation of outstanding Lufax options. A delay has been announced in the dispatch of the Composite Document, which contains details of the offers and advice from the independent financial adviser, now expected by August 30, 2024, as they finalize information for the Lufax US Offer.
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