M&A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD.

Form Type: SC 13E3

Filing Date: 2025-07-18

Corporate Action: Merger

Type: New

Accession Number: 000110465925069015

Filing Summary: OneConnect Financial Technology Co., Ltd. is filing a Schedule 13E-3 transaction statement in connection with the proposal to privatize the company via a scheme of arrangement under the Cayman Islands Companies Act. The company will become an indirect wholly-owned subsidiary of Ping An Insurance (Group) Company of China, Ltd. All outstanding ordinary shares, except those held by the Offeror, will be canceled, reducing the issued share capital. The scheme's effectiveness requires approvals from certain shareholders at a court meeting and an extraordinary general meeting. The company will distribute a scheme document containing detailed terms and conditions of this transaction to the shareholders. The document is in draft form and has yet to receive necessary regulatory approvals. The filing indicates it does not fall under previous categories such as a tender offer or any regulatory disapproval.