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An update from OneConnect Financial Technology Co Ltd ( (HK:6638) ) is now available.
OneConnect Financial Technology Co., Ltd. announced its privatization through a scheme of arrangement, sanctioned by the Grand Court, leading to the withdrawal of its shares from the Hong Kong Stock Exchange and delisting of its ADSs from the NYSE. This move marks a significant shift in the company’s market presence, impacting its stakeholders by transitioning from a public to a private entity, and involves the deregistration under the Securities Exchange Act of 1934.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. is a company incorporated in the Cayman Islands, specializing in financial technology solutions. It operates within the fintech industry, providing digital banking, insurance, and investment services, with a focus on enhancing financial institutions’ technological capabilities.
Average Trading Volume: 588,149
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.4B
See more insights into 6638 stock on TipRanks’ Stock Analysis page.