OneConnect Financial Technology Co. Ltd., listed on the Stock Exchange of Hong Kong and the NYSE under the ticker OCFT, has announced a proposal to privatize the company through a scheme of arrangement. This move will lead to the withdrawal of its listing. The process is being managed with the assistance of financial advisers, including Morgan Stanley Asia Limited and Gram Capital Limited. The joint announcement, issued by Bo Yu Limited and OneConnect, highlights the ongoing steps in this transition, as the company seeks to delist and complete its privatization strategy.
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