Ping An Insurance Company of China (HK:2318) has released an update.
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Ping An Insurance Company of China has announced that all pre-conditions for its cash offers to acquire all issued and to-be-issued shares and ADSs of Lufax Holding Ltd, excluding those already owned by the offeror group, have been met. The offer includes the cancellation of outstanding Lufax options and arrangements concerning unvested Lufax Performance Share Units. Further details regarding the offer will be disclosed in a forthcoming Composite Document.
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