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OCFT Substantial Shareholder PING AN Proposes Privatization at HK$2.068/ Shr
OCFT (06638.HK) announced that its substantial shareholder, PING AN (02318.HK) (the offeror), proposed to privatize the company through a scheme of arrangement at a cash offer of H...
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OCFT Substantial Shareholder PING AN Proposes Privatization at HK$2.068/ Shr
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OCFT (06638.HK)  +0.250 (+14.881%)   announced that its substantial shareholder, PING AN (02318.HK)  -0.550 (-1.179%)    Short selling $489.76M; Ratio 22.153%   (the offeror), proposed to privatize the company through a scheme of arrangement at a cash offer of HK$2.068 per share, representing a premium of 23.10% over the closing price on the previous trading day (15th).

Following the effective date, the company will apply to the Hong Kong Stock Exchange to withdraw the listing status of its shares. Currently, the offeror and its concert parties collectively hold 32.12% of the company’s share capital.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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