OneConnect Financial Technology Co. Ltd. Announces Update on Privatization Proposal and Planned Delisting
Reuters
Sep 02, 2025
OneConnect Financial Technology Co. Ltd. Announces Update on Privatization Proposal and Planned Delisting
OneConnect Financial Technology Co., Ltd. has announced an update regarding its planned privatization. The proposal involves a scheme of arrangement led by Bo Yu Limited, incorporated in the British Virgin Islands. The company intends to withdraw its listing on the stock exchange as part of this process. The announcement follows a previous disclosure on May 15, 2025, and includes the filing of Schedule 13E-3 (Amendment No. 2). Morgan Stanley Asia Limited serves as the financial adviser to Bo Yu Limited, while Gram Capital Limited acts as the independent financial adviser to the Independent Board Committee. OneConnect is incorporated in the Cayman Islands and is traded under stock code 6638 and NYSE ticker OCFT.
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