Lufax Holding Ltd Class A (HK:6623) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Lufax Holding Ltd has announced the closure of its cash offer process, with the Joint Offerors now holding approximately 56.82% of the company’s shares. Despite the offer, there was minimal acceptance from shareholders, with only 0.01% of Lufax’s total issued shares tendered under the US Offer. The acquisition marks a significant shift in Lufax’s shareholder structure, enhancing the Joint Offerors’ controlling stake.
For further insights into HK:6623 stock, check out TipRanks’ Stock Analysis page.