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OneConnect Financial Technology Co Ltd ( (HK:6638) ) has shared an update.
OneConnect Financial Technology Co., Ltd. has announced a proposal for its privatization through a scheme of arrangement, which includes the cancellation of its shares and a cash payment to shareholders. This move will result in the withdrawal of its listing on the Stock Exchange and the NYSE. The scheme offers HK$2.068 in cash per share, with ADS holders receiving the US dollar equivalent. The company has confirmed no intention to declare dividends before the scheme’s effective date, and the cancellation price will not be increased.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. operates in the financial technology industry, providing technology solutions to financial institutions. The company focuses on offering digital transformation services, including artificial intelligence and blockchain technology, to enhance the efficiency and effectiveness of financial services.
Average Trading Volume: 1,529,240
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.97B
Learn more about 6638 stock on TipRanks’ Stock Analysis page.