Lufax’s Special Dividend Plan Could Prompt Takeover Offer

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

Lufax Holding Ltd has announced that its proposed Special Dividend has been approved at the Annual General Meeting, and shareholders must decide by July 2, 2024, whether to receive this dividend as scrip. The declaration could potentially trigger a mandatory general offer as per the Takeovers Code if certain shareholders increase their stakes significantly. Shareholders and investors are advised to exercise caution and consult professional advisers regarding their positions.

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