Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 under the Companies Act, along with a proposed withdrawal of its listing. The company, along with Bo Yu Limited and Ping An Group, has filed multiple amendments to the Schedule 13E-3 with the SEC to comply with U.S. regulations governing going private transactions. This move is part of a strategic shift that could impact its market presence and stakeholder interests, with further announcements expected as the process progresses.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. is a company incorporated in the Cayman Islands, operating within the financial technology industry. It is listed on the New York Stock Exchange under the ticker OCFT and focuses on providing technology solutions to financial institutions.
Average Trading Volume: 374,936
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.23B
See more insights into 6638 stock on TipRanks’ Stock Analysis page.