Summary by Moomoo AI
On December 5, 2024, Lufax Holding Ltd's major shareholders executed a tri-parte agreement to restructure their share ownership. An Ke Technology Company Limited exercised its option to directly acquire 173,744,733 ordinary shares of Lufax from Tun Kung Company Limited, instead of indirectly holding them through Lanbang Investment Company Limited.The agreement amends a previous option arrangement, allowing An Ke to make an "Alternative Delivery Election" for direct ownership of Lufax shares. Concurrently, Tun Kung will repurchase its shares from Lanbang. This restructuring maintains the overall ownership percentage but simplifies the shareholding structure.The transaction is expected to close on the agreement date, with all parties agreeing to take necessary actions to consummate the deal expeditiously. This move reflects a strategic realignment of Lufax's ownership structure among its major shareholders, potentially streamlining corporate governance and decision-making processes.
