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Lufax Holding Ltd Class A ( (HK:6623) ) has provided an update.
Lufax Holding Ltd, through its subsidiary Ping An Consumer Finance, has entered into an Assets Transfer Agreement with Shenzhen China Merchants Ping An Asset Management. This agreement involves the transfer of Creditor’s Rights Assets related to non-performing debts, valued at approximately RMB468.74 million, for a consideration of RMB36.44 million. This transaction is classified as a connected transaction under the Listing Rules, requiring reporting and announcement but exempt from independent shareholders’ approval.
More about Lufax Holding Ltd Class A
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$18.89B
For a thorough assessment of 6623 stock, go to TipRanks’ Stock Analysis page.