Lufax (HKG:6623) said its majority-owned unit Ping An Consumer Finance agreed to sell certain non-performing debts to Shenzhen China Merchants Ping An Asset Management following a public bidding process, according to a Monday filing with the Hong Kong bourse.
Shares of the financial firm remain suspended from trading.
Ping An Consumer Finance will transfer 468.7 million yuan worth of non-performing debts for a consideration of 36.5 million yuan, the company said.
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