Summary by Moomoo AI
Tun Kung Company Limited, an affiliate of Lufax Holding Limited, plans to sell 17,690,620 American Depository Shares (ADSs) of Lufax on 12/17/2024. Each ADS represents two Ordinary Shares with a par value of $0.00001 per share. The aggregate market value of the shares to be sold is $45,995,612.The securities originated from a pre-IPO investment made on 12/02/2014, where Tun Kung Company Limited acquired 960,190,000 shares from Lufax Holding Ltd through a cash payment. In the past three months, the company has already sold 173,744,733 Ordinary Shares on 12/05/2024, though no gross proceeds were reported for this transaction.This planned sale represents a significant divestment by a major pre-IPO investor, potentially impacting Lufax's stock price and investor sentiment. The transaction's timing and volume suggest a strategic move by the affiliate, possibly in response to market conditions or internal financial strategies.
