Lufax Holding (LU) Nears 52-Week High on 'Extraordinary' Shareholder Meeting

We recently published 10 Stocks With 10-60% Upside. Lufax Holding Ltd (NYSE:LU) is one of the top performers on Monday.

Lufax Holding soared by 13.09 percent on Monday to almost hit a new 52-week high as investors snapped up shares ahead of an “extraordinary” general meeting on Tuesday, September 30.

In a notification to its shareholders earlier this month, Lufax Holding Ltd (NYSE:LU) said it would hold a shareholder meeting at 2 PM Hong Kong time on September 30, which is at 2 AM Eastern Time on the same date.

Lufax Holding Ltd (NYSE:LU) is one of the leading financial service enablers for small business owners in China. It offers financing products designed to address the needs of small business owners.

Last month, the company announced membership changes in its Board of Directors, following the resignation of Weidong Li as an independent non-executive director, a member of the audit committee, and the chairman of the nomination and remuneration committee of the company.

Lufax Holding Ltd (NYSE:LU) said that the resignation was not due to any dispute or disagreement with the company.

Li was replaced by Wai Ping Tina Lee, a legal and banking professional with over four decades of experience across leading financial institutions and law firms.

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Disclosure: None. This article is originally published at Insider Monkey.