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Lufax Holding Ltd Class A ( (HK:6623) ) has issued an update.
Lufax Holding Ltd announced an extension of its Insurance Agency Collaboration Agreement with Ping An Health Insurance, extending the term to December 31, 2025. This extension, under the 2025 Insurance Agency Collaboration Supplemental Agreement, involves transactions that exceed a 0.1% but remain under a 5% applicable percentage ratio, necessitating reporting under Chapter 14A of the Listing Rules but exempting them from independent shareholder approval. This move reinforces Lufax’s strategic positioning in the insurance market and highlights its ongoing relationship with Ping An Insurance, a significant shareholder.
More about Lufax Holding Ltd Class A
Lufax Holding Ltd is a company incorporated in the Cayman Islands, primarily involved in financial services. It operates in the insurance sector through its subsidiary, Ping An Insurance Agency, which collaborates with Ping An Health Insurance to sell insurance products such as health and accident injury insurance.
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$18.89B
For detailed information about 6623 stock, go to TipRanks’ Stock Analysis page.