Financial One Account (06638.HK) received a premium of approximately 23.10% from Ping An Group (02318.HK) to privatize.

Intelligence Financial APP News, Financial One Account Pass (06638.HK) and Offeror Po Yud Limited jointly announced that on May 15, 2025, the offeror requested the board of directors to privatize the company in accordance with Article 86 of the Company Law through an agreement arrangement to submit the proposal to the holders of planned shares (including shares related to American Depositary Receipts). The privatization is subject to the satisfaction of preconditions and conditions or waivers (if applicable), and upon approval and implementation, it will involve the cancellation of planned shares and (as consideration) the payment of the cancellation price in cash to the shareholders of planned shares on a per share basis, as well as the delisting of shares on the Stock Exchange and American Depositary Shares on the New York Stock Exchange.