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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, which involves the withdrawal of its listing. This move is part of a ‘going private transaction’ under U.S. securities regulations, with the company filing necessary amendments to the Schedule 13E-3 with the SEC. The proposal’s impact includes a potential shift in the company’s market positioning and operational strategy, affecting stakeholders and aligning with regulatory compliance.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. operates in the financial technology industry, providing digital banking solutions and technology-driven services primarily to financial institutions. The company focuses on enhancing the digital transformation of banks and insurance companies through its innovative technology platforms.
Average Trading Volume: 450,463
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.21B
For an in-depth examination of 6638 stock, go to TipRanks’ Overview page.