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On November 14th, Lujin Holdings released its third quarter report on the Hong Kong Stock Exchange. In the third quarter of 2023, Lujin Holdings achieved a total revenue of 8.05 billion yuan, compared to 13.193 billion yuan in the same period of 2022, a year-on-year decrease of 39%; The net profit achieved was 131 million yuan, compared to 1.355 billion yuan in the same period of 2022, a year-on-year decrease of 90.3%. In addition, on November 13th, Lujin Holdings signed a stock purchase agreement with OneConnect Financial Technology Co., Ltd. and Ping An OneConnect Bank (Hong Kong) Co., Ltd. The company plans to acquire all equity of Ping An OneConnect Bank for a consideration of HKD 933 million in cash. Ping An One Account Bank is a fully licensed virtual bank.
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