OneConnect Completes Virtual Banking Business Sale, Focuses on Digital Infrastructure and Core Business
Publication Time:2024-08-20 09:48:06
OneConnect Fintech Limited, a listed company on the Hong Kong Stock Exchange, recently announced its interim financial results for the six months ending June 30, 2024. The announcement stated that the company has completed the sale of its virtual banking business to Lufax Holdings Limited for a cash amount of HKD 933 million. This sale marks OneConnect's increased focus on its digital infrastructure and core business areas, which involve providing technological solutions for financial institutions and enterprises. Post the sale of the virtual banking business, the related financial performance has been reflected in the discontinued operations section, aimed at optimizing resource allocation and enhancing overall business efficiency and profitability.
Sale
digital infrastructure
OneConnect
Virtual Banking Business
Core Business