OneConnect Financial Technology Sets Date for Share Delisting and Cash Payout

Reuters11-20
OneConnect Financial Technology Sets Date for Share Delisting and Cash Payout

OneConnect Financial Technology Co. Ltd. (NYSE: OCFT, HKEX: 6638) has announced a proposal for its privatization through a scheme of arrangement. As part of this process, the company will withdraw its listing and delist its shares and American Depositary Shares (ADSs) from the stock exchanges. The company has also announced the upcoming despatch of cheques and wire transfers for cash payment under the scheme. The effective date of the scheme and the delisting are among the next key steps in this ongoing process.

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