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[6-K] ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

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the last day of trading of its ADSs on the NYSE will be October 29, 2025, and its ordinary shares are expected to be withdrawn from the Hong Kong Stock Exchange on November 21, 2025, when trading in the ADSs on the NYSE is also expected to be permanently suspended.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.

Positive
  • None.
Negative
  • 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 November 19, 2025, the last trading day for ADSs on the NYSE will be October 29, 2025, with expected withdrawal of Hong Kong listing and permanent suspension of NYSE ADS trading on November 21, 2025. The ADSs are expected to be delisted from the NYSE and the company plans to file Form 15 on December 1, 2025 to deregister under the Exchange Act.

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.

 

 

 

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 November 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 ¨

 

 

 

 

 

OneConnect Announces Court Sanction of Privatization

 

OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) today announces that the proposal to privatize the Company by way of a scheme of arrangement under the Companies Act (2025 Revision) of the Cayman Islands (the “Scheme”) was sanctioned without modification by the Grand Court of the Cayman Islands at a court hearing on November 14, 2025 (Cayman Islands time). The effectiveness of the proposal is subject to fulfilment of the remaining conditions as set out in the Scheme.

 

In the event that the Scheme becomes effective on November 19, 2025 (Cayman Islands time), (i) the last day of trading of the ADSs on the NYSE will be October 29, 2025 (New York time), (ii) the withdrawal of listing of the Company’s ordinary shares from the Hong Kong Stock Exchange is expected to be effective on November 21, 2025 (Hong Kong time) and the permanent suspension of trading in the ADSs on the NYSE is expected to take place on November 21, 2025 (New York Time), (iii) the Company’s ADSs are expected to be delisted from the NYSE on December 1, 2025 (New York time), and (iv) the Company intends to file a certification and notice on Form 15 with the SEC on December 1, 2025 (New York time) to deregister under the Securities Exchange Act of 1934, as amended.

 

For more details, please refer to the Schedule 13E-3 filed by the Company, among others, with the SEC on October 28, 2025 as well as the joint announcement furnished as Exhibit 99.1 to this Form 6-K.

 

 

 

EXHIBIT INDEX

 

Exhibit Number   Description
     
Exhibit 99.1   Announcement on the Stock Exchange of Hong Kong - Joint Announcement in Relation to (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) (2) Proposed Withdrawal of Listing of OneConnect Financial Technology Co., Ltd. (3) Sanction of the Scheme and Confirmation of the Capital Reduction (4) Expected Effective Date of the Scheme and (5) Expected Dates of Withdrawal of Listing of the Shares and Delisting of the ADSs

 

 

 

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: November 17, 2025    

 

 

FAQ

What did OneConnect (OCFT) announce in this Form 6-K?

OneConnect announced that its proposal to privatize the company by way of a scheme of arrangement under Cayman Islands law was sanctioned without modification by the Grand Court of the Cayman Islands, subject to remaining conditions in the scheme.

When is OneConnects privatization scheme expected to become effective?

The scheme of arrangement to privatize OneConnect is described as becoming effective on November 19, 2025 (Cayman Islands time), if the remaining conditions set out in the scheme are fulfilled.

When will OneConnects ADSs stop trading on the NYSE?

If the scheme becomes effective on November 19, 2025, the last day of trading of OneConnects ADSs on the NYSE will be October 29, 2025 (New York time), with permanent suspension of trading expected on November 21, 2025.

What happens to OneConnects Hong Kong Stock Exchange listing?

If the scheme becomes effective as described, the withdrawal of listing of OneConnects ordinary shares from the Hong Kong Stock Exchange is expected to be effective on November 21, 2025 (Hong Kong time).

When are OneConnects ADSs expected to be delisted from the NYSE?

OneConnects ADSs are expected to be delisted from the NYSE on December 1, 2025 (New York time), following the earlier suspension of trading.

Will OneConnect continue to file reports with the SEC after privatization?

The company states that it intends to file a certification and notice on Form 15 with the SEC on December 1, 2025 (New York time) to deregister under the U.S. Securities Exchange Act of 1934, as amended.

Where can investors find more details on OneConnects privatization?

Investors are directed to the Schedule 13E-3 filed by OneConnect and others with the SEC on October 28, 2025, and to the joint announcement furnished as Exhibit 99.1 to this Form 6-K.
Oneconnect Financial Technology Co Ltd

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