News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
LUFAX Acquires Ping An OneConnect Bank for $933M
LUFAX (06623.HK)(LU.US) announced to acquire the entire issued share capital of Ping An OneConnect Bank (Hong Kong) Limited (PAOB), a Hong Kong virtual bank, from OCFT (06638.HK), ...
Reset
Send
The window will close in 5 seconds
LUFAX Acquires Ping An OneConnect Bank for $933M
Close
Recommend
11
Positive
33
Negative
17
 
SHORT SELL
 
STOCK INFO

LUFAX (06623.HK)  +0.050 (+0.509%)   (LU.US)      announced to acquire the entire issued share capital of Ping An OneConnect Bank (Hong Kong) Limited (PAOB), a Hong Kong virtual bank, from OCFT (06638.HK)  -0.030 (-4.286%)   , at a consideration of HK$933 million in cash.

The Company believes that the business and target customers of PAOB would synchronize well with the Company’s existing operations, enabling the Company to leverage its operational experience and technological expertise in its business development. Taking into account the above, the Acquisition will be complementary to the Group’s overall business layout and create greater value for the Group, the announcement added.
(HK stocks quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsCMBI Recommends 4 Insurers; Value Growth on Horizon

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.