Oneconnect Financial Technology Co, LTD

20-F13D

Schedule 13D - Activist Investments

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OneConnect Financial Technology Co., Ltd. has completed its privatization by way of a scheme of arrangement, leading to the delisting of its shares from the NYSE and HKEX.
Capital raise
Shareholders of OneConnect Financial Technology Co., Ltd. have approved the privatization proposal by Bo Yu Limited via a scheme of arrangement.
Bo Yu Limited and Ping An Insurance formally propose the privatization of OneConnect Financial Technology Co., Ltd. via a scheme of arrangement, setting a timeline for shareholder and court approvals.
OneConnect Financial Technology Co., Ltd. has received a non-binding letter of support from SVF Fax Subco (Singapore) Pte. Ltd. for its proposed privatization and delisting, alongside updated beneficial ownership disclosures from major shareholders Bo Yu Limited and Ping An Insurance (Group) Company of China, Ltd.
Bo Yu Limited, a subsidiary of Ping An Insurance, has proposed to privatize OneConnect Financial Technology Co., Ltd. through a scheme of arrangement, offering HK$2.068 per share.
Bo Yu Limited, an affiliate of Ping An Insurance, has submitted a preliminary non-binding proposal to acquire all outstanding shares of OneConnect Financial Technology Co., Ltd. not already owned by Bo Yu for HK$2.068 per share, representing a substantial premium over recent trading prices.
Better than expected