Lufax Announces 1-10 Reverse Split Amid Institutional Trading Activity
1 report, 1 independent
Updated Oct 10
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What happened
Lufax announced a 1-10 reverse split, with shareholder share counts being adjusted after the market closes on October 22nd, ahead of the split on October 23rd. On October 10, 2026, multiple investment firms adjusted their positions in Lufax shares. Barometer Capital Management Inc. increased its stake in Lufax shares by 7,538.6% during the first quarter, now owning 534,700 shares worth $1,000,000.
From dailypolitical.com
Why it matters
The reverse split adjusts the number of shares owned by shareholders. Lufax recently reported quarterly revenue of $916.61 million, which missed the consensus estimate of $2.22 billion.
From dailypolitical.com
Who's involved
- LufaxOnline Internet finance marketplace undergoing a reverse split
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The entities involved
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Lufax
online Internet finance marketplace
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