BRIEF: Ping An Healthcare controlling shareholder makes share offer, says no plans for privatization
Online healthcare platform Ping An Healthcare (1833.HK) announced on Tuesday evening that its controlling shareholder, Ping An Insurance (2318.HK; 601318.SH), has offered to buy all of the company’s shares under…
OneConnect in forced divorce from parent Ping An
The financial software services provider will shutter its cloud business, whose main clients were its parent and other related companies Key Takeaways: OneConnect will shutter its cloud services division, which…
FAST NEWS: OneConnect’s loss narrows on aggressive cost controls
The latest: Financial technology services provider OneConnect Financial Technology Co. Ltd. (OCFT.US; 6638.HK) announced Monday that its net loss narrowed 58.4% to 363 million yuan ($50.4 million) in 2023. Looking up:…
FAST NEWS: OneConnect Cashes Out of Non-core Business
The latest: Financial technology service provider OneConnect Financial Technology Co. Ltd. (OCFT.US; 6638.HK) on Thursday said it sold its 40% stake in Puhui Lixin to Puhui Management, a company principally…
ETAO Takes on Digital Health Big Shots With U.S. SPAC Listing Plan
Company with less than two years of history has grown rapidly through a series of acquisitions, as it seeks to claim $300 million through a SPAC merger Key takeaways: • …
FAST NEWS: OneConnect Partners with Central Bank-Backed Fintech
The latest: OneConnect Financial Technology Co. Ltd. (OCFT.US), a financial software affiliate of Ping An Group, announced it has entered a strategic partnership with Chengfang Financial Technology Co. Ltd. Under…