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OCFT - OneConnect upsizes share repurchase program by 1%
OneConnect Financial Technology Co. Ltd. American Depositary Shares each representing three
OneConnect Financial Technology (NYSE:OCFT) board approved to upsize its share repurchase program (announced on Feb.24, 2022) by 1% of its total outstanding ordinary shares. Post the upsize, the company may purchase its own ADS up to 3% of the total outstanding ordinary shares before Sep.30, 2022. The program is expected to fund the repurchase from its existing cash balance.