Oneconnect Financial Technology Co Ltd (OCFT) has released an update.
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OneConnect Financial Technology Co., Ltd. has completed the sale of its entire issued share capital in its subsidiary, which holds 100% of Ping An OneConnect Bank (Hong Kong) Limited, to Lufax Holding Ltd for HK$933 million in cash. The company anticipates recording a substantial gain of approximately HK$309 million from the transaction, after considering the unaudited consolidated net asset value and related fees and expenses, with final figures subject to auditing. This successful disposal is expected to have a positive financial impact on OneConnect’s balance sheet.
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