OneConnect Financial Technology Co Ltd ( (HK:6638) ) has issued an update.
OneConnect Financial Technology Co., Ltd. has received a preliminary non-binding proposal from Bo Yu Limited for a potential privatization through a scheme of arrangement, which could lead to its delisting from both the New York and Hong Kong Stock Exchanges. Bo Yu, a controlling shareholder and subsidiary of Ping An Insurance Group, proposes a cash acquisition price per share that represents significant premiums over recent trading prices. This move reflects strategic positioning by Bo Yu and could impact shareholder value and market perception.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. operates in the financial technology industry, providing technology solutions to financial institutions. The company is dual-listed on the New York Stock Exchange and the Hong Kong Stock Exchange, and is primarily focused on leveraging technology to enhance financial services.
YTD Price Performance: 134.72%
Average Trading Volume: 873,876
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.98B
For an in-depth examination of 6638 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com