Core Viewpoint - Financial One's privatization plan has been approved by the Grand Court, with expected effectiveness on November 19, 2023, following the necessary conditions being met or waived [1] Group 1: Privatization Details - Financial One and Platinum Limited announced the approval of the privatization plan on November 14, 2023 [1] - The Hong Kong Stock Exchange has approved the delisting of the company's shares effective from November 21, 2023, at 4 PM [1] - The American Depositary Shares (ADS) are expected to be permanently suspended from trading on the New York Stock Exchange on November 21, 2023, with delisting anticipated on December 1, 2023 [1] Group 2: Financial One Overview - Financial One is a financial technology service provider under Ping An Group, established in 2015 [1] - The company was listed on the New York Stock Exchange in December 2019, becoming the first financial technology stock to disclose the VIE structure [1] - In July 2022, Financial One achieved a "dual primary listing" on the Hong Kong Stock Exchange, marking it as the first financial technology Chinese concept stock to do so [1]
金融壹账通即将从港美两地退市