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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 (OCFT) announced that shareholders approved a proposal to privatize the company by way of a scheme of arrangement under the Cayman Islands Companies Act, subject to sanction by the Grand Court of the Cayman Islands.

The company anticipates a trading halt of its ADSs before market open on October 30, 2025 (New York time), coordinated with the last day of trading of its ordinary shares on the Hong Kong Stock Exchange on October 30, 2025 (Hong Kong time). If the Scheme is sanctioned and becomes effective in November 2025: (i) ADS trading on the NYSE will not resume and the last trading day will be October 29, 2025 (New York time); (ii) withdrawal of listing on the Hong Kong Stock Exchange is expected to be effective on November 21, 2025 (Hong Kong time) and permanent suspension of ADS trading on the NYSE is expected on November 21, 2025 (New York time); and (iii) ADSs are expected to be delisted from the NYSE on December 1, 2025 (New York time).

Positive
  • None.
Negative
  • None.

Insights

Shareholders approved going‑private; delisting steps hinge on court sanction.

OneConnect obtained shareholder approval to privatize via a Cayman scheme of arrangement, which is a court-supervised process. The filing states the proposal remains contingent on sanction by the Grand Court of the Cayman Islands, making the court decision the gating milestone for completion.

The company outlines a sequence: an NYSE ADS trading halt before October 30, 2025, an NYSE last trading day on October 29, 2025, expected withdrawal of its Hong Kong listing effective November 21, 2025, permanent suspension of ADS trading on the NYSE on November 21, 2025, and an NYSE delisting expected on December 1, 2025, all conditioned on the Scheme becoming effective in November 2025.

Key dependencies are the Cayman court sanction and the scheme’s effectiveness in November 2025. Investors can reference the Schedule 13E-3 and the joint announcement furnished as Exhibit 99.2 for formal details on the process and voting results.

 

 

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 October 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 Shareholders’ Approval of Privatization

 

OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) today announces that its shareholders have approved 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”). The effectiveness of the proposal is subject to fulfilment of the remaining conditions, including obtaining sanction from the Grand Court of the Cayman Islands.

 

As previously announced, it is anticipated that the NYSE will implement a trading halt of the Company’s ADSs before market opens on October 30, 2025 (New York time) at the request of the Company and in coordination with the last day of trading of the Company’s ordinary shares on the Hong Kong Stock Exchange on October 30, 2025 (Hong Kong time).

 

In the event that the Scheme is sanctioned by the Cayman court and becomes effective in November 2025, (i) the trading of the Company’s ADSs on the NYSE will not resume and 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), and (iii) the Company’s ADSs are expected to be delisted from the NYSE on December 1, 2025 (New York time).

 

For more details, please refer to the Schedule 13E-3 to be filed by the Company, among others, with the SEC on the date hereof as well as the joint announcement regarding voting results furnished as Exhibit 99.2 to this Form 6-K.

 

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EXHIBIT INDEX

 

Exhibit Number   Description
     
Exhibit 99.1   Announcement on the Stock Exchange of Hong Kong - Joint Announcement Update on Non-Binding Letters of Support 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) and (2) Proposed Withdrawal of Listing of OneConnect Financial Technology Co., Ltd.
     

Exhibit 99.2   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) Results of the Court Meeting and the Extraordinary General Meeting and (4) Closure of Register of Members

 

3

 

 

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: October 28, 2025      

 

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FAQ

What did OCFT shareholders approve in this 6-K?

They approved a proposal to privatize the company via a scheme of arrangement under the Cayman Islands Companies Act, subject to Cayman court sanction.

When will OCFT ADS trading halt on the NYSE?

A trading halt is anticipated before market opens on October 30, 2025 (New York time).

What is the last day of OCFT ADS trading on the NYSE?

If the Scheme is sanctioned and effective in November 2025, the last day of ADS trading will be October 29, 2025 (New York time).

When will OCFT withdraw its Hong Kong listing?

Withdrawal of listing on the Hong Kong Stock Exchange is expected to be effective on November 21, 2025 (Hong Kong time), contingent on the Scheme becoming effective.

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

ADSs are expected to be delisted on December 1, 2025 (New York time), if the Scheme is sanctioned and becomes effective in November 2025.

Where can I find more details on the privatization process?

See the Schedule 13E-3 to be filed and the joint announcement on voting results furnished as Exhibit 99.2.
Oneconnect Financial Technology Co Ltd

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