Ping An Insurance Company of China (HK:2318) has released an update.
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Ping An Insurance (Group) Company of China, Ltd. has announced mandatory unconditional cash offers for all issued Lufax shares and ADSs not already owned by the Offeror Group, including a plan to cancel outstanding Lufax options. The release also mentions a delay in the dispatch of the Composite Document to Lufax shareholders, with a new deadline set no later than September 30, 2024. Shareholders and investors are advised to exercise caution and consult professional advisers regarding their positions.
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