Scott+Scott Attorneys at Law LLP Announces Investigation into OneConnect Financial Technology Co., Ltd. (OCFT)

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT) and certain of its officers and directors violated federal securities laws. If you purchased or otherwise own OneConnect American Depository Shares (ADSs), and have suffered a loss, realized or unrealized, you are encouraged to contact Jonathan Zimmerman at [phone] for more information.

OneConnect purports to be a leading technology-as-a-service platform for financial institutions in China.

On August 4, 2021, the Company reported second quarter financial results, including diluted earnings per share equivalent to a loss of nearly $0.05 on total revenue equivalent to $149.7 million, and revenues that missed analysts’ average estimates of nearly $168 million by about 11%.

On this news, the price of OneConnect’s ADS fell over 27%, to close at $5.42 per ADS on August 4, 2021.

What You Can Do

If you purchased or otherwise own OneConnect ADSs, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at [phone], or at [e-mail], or visit the OneConnect investigation page on our website at https://scott-scott.com/investigation/oneconnect-financial-technology-co-ltd/.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.

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