OneConnect Financial (6638 HK/OCFT US): Ping An's Fair NBIO

Mar 04, 2025

∙ Paid

Dual-Listed OneConnect Financial Technology (6638 HK/OCFT US), a digital retail banking/commercial banking/ digital insurance play, has announced a non-binding proposal from Ping An, OneConnect's controlling shareholder with 32.12%.
Ping An is offering, by way of a Scheme, HK$2.068/share, or US$7.98/ADS, a 72.33% premium to last close, and a 131.66% premium to the 30-day average. The price is final.
What now? Back in OneConnect's boards' court whether to engage or not. Which they should. No competing Offer will emerge.

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