Chinese Fintech OneConnect Explores Going Private Deal Amid Market Shifts

Rhea-AI Filing Summary

OneConnect Financial Technology has filed a Form 6-K announcing significant corporate developments regarding a potential privatization of the company. The filing discloses the receipt of an additional non-binding letter of support related to a pre-conditional privatization proposal through a scheme of arrangement under Section 86 of the Companies Act.

The privatization proposal includes plans for the withdrawal of listing of OneConnect Financial Technology from the Stock Exchange of Hong Kong. This development represents a material change in the company's public trading status and corporate structure.

The document was signed by Dangyang Chen, who serves as Chairman of the Board and Chief Executive Officer. The filing was made on June 24, 2025, for the reporting month of June 2025, under Commission File Number 001-39147.

This filing indicates a significant corporate action that could impact shareholders' interests, as privatization typically involves buying out public shareholders and delisting the company's shares from public exchanges.

Positive

• None.

Negative

• Potential privatization and delisting from public markets, which would eliminate public shareholders' ability to participate in future growth

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File Number: 001-39147

 

ONECONNECT FINANCIAL TECHNOLOGY CO., LTD.

(Registrant’s Name)

 

21/24F, Ping An Finance Center
No. 5033 Yitian Road, Futian District
Shenzhen, Guangdong, 518000
People’s Republic of China
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit Number	Description
 	 
Exhibit 99.1	Announcement on the Stock Exchange of Hong Kong — Joint Announcement — Additional Non-Binding Letter of Support in Relation to (1) Pre-Conditional Proposal for the Privatisation of OneConnect Financial Technology Co., Ltd. by Way of a Scheme of Arrangement (Under Section 86 of the Companies Act) and (2) Proposed Withdrawal of Listing of OneConnect Financial Technology Co., Ltd.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 	OneConnect Financial Technology Co., Ltd.
 	 
 	By:	/s/ Dangyang Chen
 	Name:  	Dangyang Chen
 	Title:	Chairman of the Board and Chief Executive Officer
Date: June 24, 2025	 	 

 

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FAQ

What is the purpose of OCFT's 6-K filing from June 28, 2025?

The 6-K filing announces a non-binding letter of support regarding a pre-conditional proposal for the privatization of OneConnect Financial Technology Co., Ltd. through a scheme of arrangement, along with a proposed withdrawal of the company's listing.

Who signed OCFT's June 2025 6-K filing?

The filing was signed by Dangyang Chen, who serves as the Chairman of the Board and Chief Executive Officer of OneConnect Financial Technology Co., Ltd., on June 24, 2025.

Is OCFT planning to go private according to the June 2025 6-K?

Yes, according to Exhibit 99.1, OCFT received a pre-conditional proposal for privatization by way of a scheme of arrangement under Section 86 of the Companies Act, along with a proposed withdrawal of listing. This is supported by an additional non-binding letter of support.

Where is OCFT's principal executive office located?

OneConnect Financial Technology's principal executive office is located at 21/24F, Ping An Finance Center, No. 5033 Yitian Road, Futian District, Shenzhen, Guangdong, 518000, People's Republic of China.

What type of annual reports does OCFT file with the SEC?

According to the filing, OneConnect Financial Technology files annual reports under Form 20-F, as indicated by the checked box in the document.