OneConnect Financial Technology (HKG:6638) is renewing several agreements with controlling shareholder Ping An Insurance (Group) (HKG:2318, SHA:601318) expiring Dec. 31, a Monday bourse filing said.
The contracts comprise agreements for the purchasing and provision of products and services, the purchasing of financial services, and the leasing of property.
The new agreements have a three-year term starting Jan. 1, 2025, and ending Dec. 31, 2027.
Shares of the financial services provider were up nearly 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments