Related News
Lufax raises 3b yuan in private placement
Online Edition
SHANGHAI-BASED online lending platform Lufax.com has complete raising funds by selling stakes worth 3 billion yuan (US$483 million) to overseas investors in a private placement, company's top official said.
The shares were sold to institutional investors including private equity firms and individuals with backgrounds in Internet investment by Monday, Chairman Gregory Gibb said on Thursday in Boao, China. Gibb added that the stake represented a "relatively small percentage" of Lufax, according to Bloomberg News.
Backed by China's second largest insurer Ping An Insurance (Group) Co, Lufax has more than 8 million customers with solid credit ratings, and claimed to be the biggest P2P platform by trading volume, according to Ping An's annual report released last week.
Ren Huichuan, president of Ping An, said that Lufax keeps an open mind on fund-raising or listing and aims to be the "shopping mall of financial world".
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
