Ping An-backed Lufax Holding, the second-largest non-traditional financial service provider for small business owners in China, has agreed to acquire virtual bank Ping An OneConnect Bank (PAOB) for HK$ 933 million ($119.5 million) in cash from OneConnect Financial Technology.
End the Year with a Deal You Can’t Miss!
Subscribe now and save 40% on our premium subscription.
Enjoy unlimited access for a full year at just $199 (usual price $339).
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Offer valid for a limited time – don’t wait to unlock the insights that drive deal-making in Asia!
Subscribe nowAlready a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
