Summary by Moomoo AI
Lufax Financial Holdings Limited (Lufax), a subsidiary of Ping An Insurance, will distribute special dividends on July 30, 2024, and begin trading new shares on the Hong Kong Stock Exchange on July 31, 2024. The distribution of the special dividends is due to Lufax becoming an indirect non-wholly owned subsidiary of Ping An Group, as a result of Anke Technology Limited and Ping An Overseas Holdings choosing to use shares instead of cash dividends as part of Lufax's stock dividend plan. Morgan Stanley, as the financial advisor, will make a tender offer for Lufax shares on behalf of the joint offerors under Rule 26.1 of the Code on Takeovers and Mergers, and make a tender offer for Lufax options under Rule 13.5 of the...Show More