OneConnect Announces Expected Trading Halt Amid Privatization Plans
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OneConnect Financial Technology (OCFT) announced a trading halt for its American Depositary Shares on the NYSE, effective October 30, 2025, as part of its privatization plan under Ping An Group. A Court Meeting and Extraordinary General Meeting will be held on October 28, 2025, to seek approval for the scheme. If approved, trading will cease on October 29, 2025. Analysts rate OCFT stock as Hold with a $7.50 price target, reflecting financial challenges and negative cash flows. The current market cap is $293.7M.
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