Oneconnect Financial Technology Co Ltd (OCFT) has released an update.
OneConnect Financial Technology Co., Ltd. has successfully completed the sale of its virtual bank business to Lufax Holding Ltd for HK$933 million in cash. The transaction, which involved the transfer of entire issued share capital of Jin Yi Tong Limited and consequently the cessation of PAOB as a OneConnect subsidiary, was finalized on April 2, 2024, following the fulfillment of all required conditions.
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