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Lufax Shares Nosedive 48% at Trading Resumption Following Near Two-Year Suspension

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Lufax (HKG:6623) said it has satisfied all conditions required by the Hong Kong securities watchdog to resume trading in the company's shares, according to a Wednesday bourse filing.

The company, whose shares had been suspended since January last year, said it fulfilled conditions including having proper internal controls, appointing a compliance chief, and publishing restated financial reports for 2022 and 2023, among other things.

Trading in the company's shares resumed on Thursday, Sept. 24. Lufax was last down 48% in afternoon trading.

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