[25-NSE] ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. SEC Filing
OneConnect Financial Technology Co., Ltd. (OCFT) is being removed from listing and registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934, as notified on Form 25. The action covers the company’s American Depositary Shares, each representing thirty (30) ordinary shares. The NYSE certifies that it has complied with its own rules and the requirements of 17 CFR 240.12d2-2 for striking this class of securities from listing and/or withdrawing its registration.
- None.
- OCFT ADS delisting from NYSE: The New York Stock Exchange is striking OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty (30) ordinary shares, from listing and/or registration under Section 12(b), which can reduce trading liquidity and visibility on a major U.S. exchange.
Insights
OCFT’s ADSs are being removed from NYSE listing and registration.
The notification states that OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty (30) ordinary shares, are being removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b). The exchange indicates compliance with 17 CFR 240.12d2-2, which governs delisting and deregistration procedures.
For investors, this means the company’s ADSs will no longer trade on the NYSE, which can affect liquidity and accessibility compared with a major U.S. exchange venue. The filing does not describe any replacement trading venue or give additional context, so the main takeaway is the formal completion of the NYSE’s steps to strike this class of securities from listing and registration.
FAQ
What does OneConnect (OCFT) disclose in this Form 25 filing?
The filing states that OneConnect Financial Technology Co., Ltd. American Depositary Shares are being removed from listing and/or registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934.
Which OneConnect (OCFT) security is affected by the NYSE Form 25?
The affected security is American Depositary Shares of OneConnect Financial Technology Co., Ltd., with each ADS representing thirty (30) ordinary shares.
What legal framework governs the OCFT NYSE delisting?
The delisting and deregistration are described as occurring under Section 12(b) of the Securities Exchange Act of 1934 and 17 CFR 240.12d2-2, which set out procedures for removal from listing and registration.
Who certified the OneConnect (OCFT) NYSE Form 25 filing?
The filing is certified on behalf of the New York Stock Exchange LLC by Anthony Sozzi, identified as an Analyst, Market Watch, as a duly authorized person.
Does the OneConnect (OCFT) Form 25 mention compliance with exchange rules?
Yes. It states that the New York Stock Exchange LLC has complied with its rules to strike the class of securities from listing and/or withdraw registration, in line with 17 CFR 240.12d2-2.