$LUFAX(06623.HK$ $Lufax(LU.US$ Has anyone received a notification from moomoo regarding electing to receive the scrip dividend rather than cash? I have not and am starting to get worried that this is not going to be handled properly as it is a somewhat unusual situation.
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$LUFAX(06623.HK$ $Lufax(LU.US$ Scrip Dividend Rate:
Based on ADR price from June 4-10, when shares were trading higher.
Choice of 1.074 shares or $2.42 in cash for ADR.
The deadline for electing to receive shares appears to be July 2, 2024. If you do nothing, you will get cash, ignoring potential taxes and fees.
Will moomoo be getting in touch with us to provide us the option to elect shares????????
sec.gov/Archive...
Based on ADR price from June 4-10, when shares were trading higher.
Choice of 1.074 shares or $2.42 in cash for ADR.
The deadline for electing to receive shares appears to be July 2, 2024. If you do nothing, you will get cash, ignoring potential taxes and fees.
Will moomoo be getting in touch with us to provide us the option to elect shares????????
sec.gov/Archive...
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$OCFT(06638.HK$ $OneConnect Financial Technology(OCFT.US$ $Lufax(LU.US$ $LUFAX(06623.HK$
Probably good news for Lufax as I expect they will get lower pricing but definitely not good for One Connect to lose their second largest customer.
Probably good news for Lufax as I expect they will get lower pricing but definitely not good for One Connect to lose their second largest customer.
$LUFAX(06623.HK$ It is a normal thing, but there are a bunch of Form 144s filed with the SEC on cashless stock option exercises. It is a normal thing to do and probably the smart thing to do. They probably exercised to get the dividend but still, I always wish option holders would pay the cost of taxes out-of-pocket. Then again, I'll complain about everything that doesn't go exactly the way I want it to go.
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$WING ON CO(00289.HK$ Not a bad dividend. Don't recall how much of it was taken in fees from brokerage firm and withholding tax last time but I remember thinking I should sell if it was going to be that high all the time. The withholding tax I expected and understood, but not the fees.
Jeff Boyd
commented on
$Lufax(LU.US$ why do the board not consider to buy back the share? for the benefit of share holder, since there is so much cash reserve.
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$Lufax(LU.US$ Paying HK$933 million for the bank. Long term I guess it makes some sense. Economically they are a bank at this point in time with the depositors being their financial partners.
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Jeff Boyd
commented on
$Lufax(LU.US$ at this rate, it may be a worthwhile business to borrow from Lufax in China and park the money in banks in Hong Kong, where interest rate rises in tandem with US. There could be a difference of 1-2% soon
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