OneConnect (OCFT) 6-K: Pre-condition met for take-private scheme

Rhea-AI Filing Summary

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) filed a Form 6-K for July 2025. The filing’s sole substantive disclosure is an Exhibit 99.1 joint announcement published on the Hong Kong Stock Exchange regarding:

• Proposal to privatise OneConnect by way of a scheme of arrangement under Section 86 of the Companies Act.
• Proposed withdrawal of the company’s listing in connection with the scheme.
• Satisfaction of a pre-condition required for the privatisation to proceed.

No financial statements, transaction terms, timetable, pricing details or further narrative are included in the 6-K itself. The document simply records that the registrant has issued the announcement and that the Chairman & CEO, Dangyang Chen, signed the filing on 9 July 2025.

Investors should note that meeting a pre-condition represents a material milestone toward a potential take-private transaction, which—if completed—would result in delisting and an exit opportunity (terms unknown) for ADR holders. However, because the actual exhibit text is not provided here, key details such as offer price, conditions precedent, and expected timeline remain undisclosed in this filing.

Positive

• Pre-condition satisfied for the proposed privatisation scheme, materially increasing the likelihood of transaction completion.

Negative

• Proposed withdrawal of listing indicates investors may soon lose public-market liquidity in OCFT shares once the scheme becomes effective.

Insights

M&A Specialist

TL;DR Pre-condition met for OCFT’s Hong Kong-led privatisation; delisting likely if scheme completes.

The 6-K confirms formal progress in OneConnect’s previously announced take-private effort. The stated satisfaction of a pre-condition—though unspecified—signals that at least one material hurdle (often regulatory or shareholder approval) has been cleared. In M&A workflows, this typically accelerates the scheme timetable and increases completion probability. While economic terms are absent, the update is impactful because it moves the transaction closer to execution and eventual ADR delisting. Holders should prepare for liquidity changes and closely monitor forthcoming scheme documents to assess valuation and election mechanics.

 

 

 

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 July 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 — (1) 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. — Satisfaction of the Pre-Condition

 

  2  

 

 

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: July 9, 2025	 	 

 

  3  

FAQ

What did OneConnect (OCFT) disclose in its July 2025 Form 6-K?

The filing states an exhibit announcing that a pre-condition for OneConnect’s proposed privatisation and listing withdrawal has been satisfied.

Does the Form 6-K include financial results or earnings data?

No. The document only references a joint announcement related to the privatisation; no financial statements are provided.

What is the impact of the satisfied pre-condition on OCFT’s privatisation?

Satisfying a pre-condition materially advances the scheme of arrangement, bringing the company closer to delisting and private ownership.

Who signed the Form 6-K for OneConnect?

Chairman and CEO Dangyang Chen signed the report on 9 July 2025.

Will OCFT’s shares remain listed if the scheme is completed?

No. The joint announcement proposes a withdrawal of listing upon successful completion of the privatisation scheme.