OCFT to delist from HKEX and NYSE as privatization completes
Rhea-AI Filing Summary
OneConnect Financial Technology Co., Ltd. (OCFT) reports that its privatization plan by way of a scheme of arrangement under Cayman Islands law became effective on November 19, 2025 (Cayman Islands time). As a result, the company is moving toward ending its public listings.
The withdrawal of listing of OneConnect’s ordinary shares from the Hong Kong Stock Exchange is expected to take effect on November 21, 2025 (Hong Kong time). Trading in the company’s ADSs on the NYSE is expected to be permanently suspended on November 21, 2025 (New York time), with delisting from the NYSE anticipated on December 1, 2025. The company also plans to file Form 15 on December 1, 2025 to deregister under the U.S. Securities Exchange Act.
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Insights
OneConnect’s privatization is now effective, with HKEX and NYSE exits scheduled.
OneConnect confirms that its Cayman Islands scheme of arrangement to privatize the company became effective on November 19, 2025. This means the company is transitioning from a publicly traded structure in both Hong Kong and the U.S. to a private ownership model under the terms of the scheme.
The timeline is clear: withdrawal of listing in Hong Kong is expected on November 21, 2025, permanent suspension of ADS trading on the NYSE also on November 21, 2025, and NYSE delisting on December 1, 2025. The planned Form 15 filing on the same date would terminate its reporting obligations under the U.S. Securities Exchange Act, concentrating disclosure in non-U.S. channels referenced in the announcement.
For investors, these steps set firm dates after which public trading access to OCFT shares and ADSs will cease, with further details referenced in the Schedule 13E-3 and a joint announcement attached as Exhibit 99.1. The practical impact will depend on the specific scheme terms and payment mechanics detailed in those documents.