Summary by Moomoo AI
Lufax Holding Ltd, a subsidiary of Ping An Insurance, and its financial advisor Morgan Stanley Asia Limited, announced on July 24, 2024 that the comprehensive document originally scheduled to be sent on or before July 24, 2024 will be postponed until on or before August 30, 2024. The comprehensive document contains detailed information about the Lufax tender offer, including expected timetable and terms, board of directors letters, independent directors committee recommendation letter, and independent financial advisor opinion letter. The reason for the postponement is the need for more time to organize data, including details of the Lufax US tender offer. The Lufax tender offer includes a possible mandatory unconditional cash offer to acquire all issued Lufax shares and American Depositary Shares, as well as canceling all outstanding Lufax options. The directors of Ping An Insurance (Group) Co., Ltd., Anke Technology Co., Ltd. and Ping An Insurance Overseas (Holdings) Limited take responsibility for the accuracy of the joint announcement and confirm that the announcement was made with due consideration and without omitting any facts.