LU240719P3500
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Lufax Newsroom
Goldman Sachs: Ping An Insurance (02318.HK) increased its shareholding in Lucontrol (06623.HK) by stock dividend, with limited short-term financial impact.
Ping An Insurance (02318.HK) chose to increase shareholding in Lufax (06623.HK) by issuing shares for dividends to 56.82%. Goldman Sachs states that Lufax's net profit for the 2023 fiscal year is RMB 1 billion, and the net loss for the first quarter of the 2024 fiscal year is RMB 800 million, accounting for only 1% and 2% of Ping An's net profit for the first quarter of the 2023 and 2024 fiscal years, respectively. Therefore, the bank believes that the short-term financial impact is limited. Goldman Sachs continues to believe that Ping An's net profit and operating profit will grow strongly in the 2024 fiscal year, partially due to the low base effect in the 2023 fiscal year. Among the bank's coverage, China Ping
Announcement selection | Midea Real Est's sales in the first half of the year fell by 50% year-on-year; Ping An Insurance was passively merged and controlled by the mainland, and the mainland main business did not change.
The sales of midea real estate in the first half of the year fell by 50% year-on-year. How large is the sales scale? sdhs new energy's power generation increased by more than 10% this year. How has its recent performance been?
Ping An Insurance (02318.HK) has chosen to increase their shareholding in mainland-controlled China Fortune Land Development (06623.HK) to 56.82% by using stock dividends.
Land control (06623.HK) has announced that it will issue a total of approximately 509 million new shares to its controlling shareholder, Ping An Insurance (02318.HK), under the stock dividend plan. After completion, Ping An Insurance's shareholding in the company will increase from 41.4% to 56.82%, becoming its non-wholly owned subsidiary. At the same time, Ping An Insurance is required to make a mandatory general offer at a price of 8.803 yuan per share, which is 28.4% lower than the trading price of Land Control on the previous day (day 3). Ping An Insurance has no intention of privatizing Land Control and intends to maintain its listed status.
Lufax | 6-K: Report of foreign private issuer (related to financial reporting)
Express News | Ping an Insurance Says Lufax Holding to Be Included in Consolidated Financial Statements
Express News | Ping An insurance has chosen to receive special stock dividends through stock dividend method, which will result in a passive merger and acquisition of Lufax. Shareholders will trigger the mandatory general offer under the Hong Kong Takeovers Code (after
Land Control (06623) is expected to receive a mandatory cash offer at a discount of approximately 28.43% from Ping An Group.
Lufax (06623) and joint tender offeror Anke Technology and Ping An Overseas Holdings jointly announced that, according to Lufax’s stock dividend plan...
Express News | Ping An Insurance: Lufax will become an indirect non-wholly owned subsidiary of Ping An Group.
HK stocks surge | LUKONG (06623) jumped more than 35% during trading. AIGC's application in the crediting customer service field has been implemented and put into operation.
During trading, LUKKON (06623) surged more than 35%, and as of press time, it rose 35.32% to HKD 13.18 with a turnover of HKD 9.3853 million.
Tesla Reports Q2 Deliveries, Joins Rivian Automotive, Archer Aviation And Other Big Stocks Moving Higher On Tuesday
U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Tuesday.Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply in today's session after the company reported second-quarter pr
Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
Hong Kong Stock Market News: Lu Kong (06623) rose nearly 6%, with steady growth in consumer finance, and received an ESG rating upgrade from MSCI to A-level.
Lu Kong (06623) rose nearly 6%. As of the time of writing, it rose 5.71% to HKD 9.07.
Lu Kong (06623) will distribute a special dividend of $1.21 per share on July 30th.
Lukou (06623) issued a notice that the company will distribute a special dividend of HKD1.21 per share on July 30, 2024.
Morgan Stanley Maintains Lufax(LU.US) With Hold Rating, Cuts Target Price to $2.4
Morgan Stanley analyst Richard Xu maintains $Lufax(LU.US)$ with a hold rating, and adjusts the target price from $4.5 to $2.4.According to TipRanks data, the analyst has a success rate of 36.8% and a
Express News | Lufax Holding Ltd : Morgan Stanley Cuts Target Price to $2.4 From $4.5
Express News | The NASDAQ golden dragon China index preliminary closed down 0.1%, and popular China concept stock Nio Inc fell 6.9% after the release of its earnings report. Bilibili fell 3.2%, JD.com fell 2.7%, Li Auto Inc fell 1.5%, while Xpeng rose by about 0.1%. Ne
Express News | The Nasdaq Golden Dragon China Index preliminary closed up 1.5%, with popular Chinese concept stocks up 9.3%, Netease up 6%, Xiaopeng up 3.1%, Bilibili up 2.7%, Baidu up 2.6%, JD.com up 1.7%, while New Oriental fell 0.6%, PDD Holdings fell 2.1%, and Kuais
Express News | The Nasdaq Golden Dragon China Index fell by 1% at the close. Popular China concept stocks New Oriental, Canaan, NIO Inc, and Dada fell by over 2%, with Ideanomics falling by 1.9%. Baidu, PDD Holdings, Yum China, and Xiaopeng had a drop of less than 1%, w
Express News | NYSE Order Imbalance 1050045.0 Shares on Buy Side
Bath & Body Works, Designer Brands And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling around 150 points on Tuesday.Shares of Bath & Body Works Inc (NYSE:BBWI) fell in today's pre-market trading after the company r