AnKe Tech Amends Lufax Holding Stake Filing

TL;DR

AnKe Tech updated its Lufax stake filing on 9/4. Watch for ownership changes.

AI Summary

AnKe Technology Co Ltd, a group member of CHINA PING AN INSURANCE OVERSEAS (HOLDINGS) LTD, filed an amendment to its Schedule 13D on September 4, 2024, regarding its holdings in Lufax Holding Ltd. The filing indicates a change in the reporting person's beneficial ownership of Lufax's ordinary shares and American Depositary Shares (ADSs).

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Lufax Holding Ltd, which could impact its stock price and future corporate actions.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in control or strategy, potentially affecting the company's valuation and future performance.

Key Players & Entities

• AnKe Technology Co Ltd (company) — Filing entity
• Lufax Holding Ltd (company) — Subject company
• CHINA PING AN INSURANCE OVERSEAS (HOLDINGS) LTD (company) — Parent company of AnKe Technology Co Ltd
• PING AN INSURANCE (GROUP) CO OF CHINA, LTD. (company) — Related group member

FAQ

Key Financial Figures

• $0.00001 — d (Name of Issuer) Ordinary Shares, $0.00001 par value per share (Title of Class o

Filing Documents

• d879732dsc13da.htm (SC 13D/A) — 65KB
• d879732dex991.htm (EX-99.1) — 5KB
• 0001193125-24-212912.txt ( ) — 71KB

of the Schedule 13D is hereby amended and supplemented by adding the following

Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following: The information set forth in Item 4 of this Amendment is hereby incorporated by reference into this Item 3. The total purchase price of the Call Options exercisable within 60 days hereof as described below was approximately RMB158.3 million. An Ke acquired such call options using its working capital. Item4. Purpose of Transaction

of the

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: The information set forth in Section Call Options under Item 6 of this Amendment is hereby incorporated by reference into this Item 4. The Call Options were acquired for long-term investment purposes. Item5. Interest in Securities of the Issuer

of the Schedule 13D is hereby amended and supplemented by adding the following

Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following: (a) Rows (11) and (13) of the cover pages of this Amendment are hereby incorporated by reference into this Item 5(a). (b) Rows (7) to (10) of the cover pages of this Amendment are hereby incorporated by reference into this Item 5(b). (c) Except as disclosed in the Schedule 13D and this Amendment, none of the Reporting Persons or, to the knowledge, any of the persons listed in Schedules A-1, A-2 or A-3 of the Schedule 13D, has effected any transactions relating to the Ordinary Shares during the past 60 days. (d) To the knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5. (e) Not applicable. Item6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The Section Call Options in Item 6 of the Schedule 13D is hereby amended and restated to read as follows: Each shareholder of Lanbang Investment Company Limited (Lanbang), Mr. Jingkui Shi (Mr. Shi) and Mr. Xuelian Yang (Mr. Yang), has granted an option to An Ke to purchase up to 100% of his shares in Lanbang (the Lanbang Offshore Call Options). Lanbang and Tongjun Investment Company Limited (Tongjun) are shareholders of Tun Kung Company Limited (Tun Kung) that owned 56.4% and 43.6% of the equity interests, respectively, as of the date hereof, following a recent share repurchase by Tun Kung from Tongjun. Tun Kung beneficially owned 308,198,174 ordinary shares of Lufax as of March 31, 2024. Each shareholder of Lanbang is entitled to his voting and other rights in Lanbang prior to An Kes exercise of the Lanbang Offshore Call Options. Lanbang has also granted an option to An Ke to purchase up to 100% of its shares in Tun Kung (the Tun Kung Offshore Call Opti

View Full Filing

View this SC 13D/A filing on SEC EDGAR