Lufax Holding Ltd (LU) Form 6-K — Oct 6, 2026
Lufax Holding Ltd announced it will change its ADS ratio from one ADS per two ordinary shares to one ADS per twenty ordinary shares, effective on or about October 23, 2026. For ADS holders the change functions as a one-for-ten reverse ADS split, with Citibank, N.A. as depositary automatically exchanging ten existing ADSs for one new ADS and selling fractional entitlements. The change does not affect Lufax's underlying ordinary shares, and the ADSs will continue trading on the NYSE under 'LU'; the company expects the ADS price to rise proportionally but gave no assurance it will reach ten times the prior price.
Key figures
- New ads ratio
- 1 ADS : 20 ordinary shares
- Old ads ratio
- 1 ADS : 2 ordinary shares
- Effective date
- on or about October 23, 2026
- Funding partners
- over 85 financial institutions
- Reverse split ratio
- 1:10 (one new ADS per ten ADSs)
AI analysis
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