Ping An Insurance Company of China (HK:2318) has released an update.
Ping An Insurance (Group) Company of China, Ltd. has announced mandatory unconditional cash offers for all issued Lufax shares and ADSs not already owned by the Offeror Group, including a plan to cancel outstanding Lufax options. The release also mentions a delay in the dispatch of the Composite Document to Lufax shareholders, with a new deadline set no later than September 30, 2024. Shareholders and investors are advised to exercise caution and consult professional advisers regarding their positions.
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