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An update from OneConnect Financial Technology Co Ltd ( (HK:6638) ) is now available.
OneConnect Financial Technology Co., Ltd. has announced a proposal for its privatization through a scheme of arrangement, which has been sanctioned by the Grand Court. The company plans to withdraw its listing from the Hong Kong Stock Exchange and delist its American Depositary Shares from the New York Stock Exchange, with the expected effective date for the scheme set for November 19, 2025. This move is likely to impact the company’s market presence and its stakeholders, as it transitions from a public to a private entity.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. is a company incorporated in the Cayman Islands, focusing on financial technology solutions. It is listed on both the Hong Kong Stock Exchange and the New York Stock Exchange, under the stock code 6638 and ticker OCFT, respectively.
Average Trading Volume: 576,065
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.4B
For an in-depth examination of 6638 stock, go to TipRanks’ Overview page.