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OneConnect Financial Technology Co Ltd ( (HK:6638) ) just unveiled an update.
OneConnect Financial Technology Co., Ltd. has announced a proposal for privatization through a scheme of arrangement, which involves the withdrawal of its listing. This move, governed by the U.S. Securities Exchange Act of 1934, aims to transition the company into a ‘going private transaction.’ The filing of Schedule 13E-3 and its amendment with the SEC is part of this process, though the scheme document remains in draft form and subject to regulatory approvals. Stakeholders are advised to exercise caution as the proposal’s implementation is contingent upon certain conditions being met.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. operates in the financial technology industry, providing technology solutions for financial institutions. The company focuses on offering digital banking, insurance, and investment services, leveraging artificial intelligence and blockchain technology to enhance operational efficiency and customer experience.
Average Trading Volume: 801,730
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.27B
For an in-depth examination of 6638 stock, go to TipRanks’ Overview page.
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