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The latest update is out from OneConnect Financial Technology Co Ltd ( (HK:6638) ).
OneConnect Financial Technology Co., Ltd. has announced a proposal for its privatization through a scheme of arrangement under Section 86 of the Companies Act, which involves the withdrawal of its listing. This move, filed under Schedule 13E-3 with the SEC, is part of a ‘going private transaction’ under the U.S. Securities Exchange Act of 1934. The proposal is subject to certain conditions and approvals, and its implementation remains uncertain, urging stakeholders to exercise caution.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. is a company incorporated in the Cayman Islands, specializing in providing technology solutions for the financial services industry. It is listed on the Hong Kong Stock Exchange and the New York Stock Exchange, focusing on leveraging technology to enhance financial services.
Average Trading Volume: 880,479
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.28B
Learn more about 6638 stock on TipRanks’ Stock Analysis page.