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OneConnect Financial Technology Co Ltd ( (HK:6638) ) has shared an update.
OneConnect Financial Technology Co., Ltd. and Bo Yu Limited have announced a proposal for the privatization of OneConnect by way of a scheme of arrangement, which includes a proposed withdrawal of its listing. The pre-condition for this proposal, requiring approval from the State Administration for Market Regulation, has been satisfied, allowing the proposal to proceed pending further conditions. The company is preparing the necessary documents for submission to the Grand Court, with an extension granted for the dispatch of the Scheme Document until October 31, 2025. This move is significant as it may impact the company’s market presence and shareholder dynamics, indicating a strategic shift in its operational approach.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. operates within the financial technology industry, offering digital banking solutions and technology services primarily focused on financial institutions. The company is known for leveraging artificial intelligence and blockchain technology to enhance financial services and improve operational efficiencies.
Average Trading Volume: 839,275
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.21B
See more data about 6638 stock on TipRanks’ Stock Analysis page.