Lufax Holding Ltd Announces Mandatory Cash Offer

Lufax Holding Ltd Class A (HK:6623) has released an update.

Lufax Holding Ltd has initiated a mandatory unconditional cash offer after electing a special dividend scheme, which has led to an increase in shareholding by the Joint Offerors from 41.4% to 56.8%. The offer, facilitated by Morgan Stanley, involves acquiring all issued Lufax shares and ADSs, as well as canceling all outstanding Lufax options. This move reflects the Joint Offerors’ long-term commitment to Lufax’s vision and strategy.

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