[6-K] ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. Current Report (Foreign Issuer)
OneConnect Financial Technology Co., Ltd. (OCFT) announces that its proposed privatization by way of a scheme of arrangement under Cayman Islands law has been sanctioned without modification by the Grand Court of the Cayman Islands, subject to remaining conditions in the scheme. If the scheme becomes effective on November 19, 2025 (Cayman Islands time), the last day of trading of its ADSs on the NYSE will be October 29, 2025, and its ordinary shares are expected to be withdrawn from the Hong Kong Stock Exchange on November 21, 2025, when trading in the ADSs on the NYSE is also expected to be permanently suspended. The ADSs are then expected to be delisted from the NYSE on December 1, 2025, and the company intends to file Form 15 on the same date to deregister under the U.S. Securities Exchange Act.
- None.
- Privatization will remove OCFT from NYSE and Hong Kong stock listings.
- Investors lose access to OneConnect ADSs after expected trading suspension and delisting.
Insights
Court-sanctioned privatization will remove OCFT from U.S. and Hong Kong listings.
The announcement states that OneConnect has obtained court sanction in the Cayman Islands for a privatization scheme of arrangement, subject to remaining conditions. This is a key legal milestone toward taking the company private and ending its status as a foreign private issuer in U.S. markets.
If the scheme becomes effective on
This sequence means public trading access to OneConnect equity would end on both the NYSE and Hong Kong Stock Exchange, and U.S. reporting obligations would cease following deregistration. Actual outcomes depend on the scheme becoming effective as described.