Bo Yu Limited (the Offeror) and OneConnect Financial Technology Co., Ltd. (the Company, Stock Code: 6638, NYSE: OCFT) have jointly announced the filing of a fourth amendment to their Schedule 13E-3, which pertains to a proposed privatization of OneConnect by way of a scheme of arrangement under Section 86 of the Companies Act. The filing follows a series of prior announcements issued since May 2025 concerning the proposal, its progress, and related discussions under U.S. securities regulations.
According to the announcement, the proposed transaction is classified as a going-private transaction under Rule 13e-3 of the U.S. Securities Exchange Act of 1934. The fourth amendment, filed on October 28, 2025 (New York time), updates information related to the scheme, including the results of the Court Meeting and the Extraordinary General Meeting held on the same day (Hong Kong time). The parties involved have also filed earlier amendments in response to regulatory comments and to include interim financial updates of OneConnect for the six months ended June 30, 2025.
The announcement reiterates that the proposal’s implementation remains subject to certain conditions. Bo Yu Limited, OneConnect, and their respective boards caution that there is no guarantee the privatization scheme will become effective or that the proposal will ultimately be carried out. Further updates will be disclosed according to the rules and regulations governing the listing and the relevant takeover codes.