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Stock impact report

Concord Medical Announces Listing of Its Subsidiary on The Stock Exchange of Hong Kong Limited

Concord Medical Services Holdings Limited ADS (Each represents three ordinary shares) (CCM) 
Company Research Source: PR Newswire
BEIJING, Jan. 9, 2024 /PRNewswire/ -- Concord Medical Services Holdings Limited ("Concord Medical" or the "Company") (NYSE: CCM), a healthcare provider specialized in cancer treatment, research, education and prevention in China, today announced the listing of a minority stake of 39,420,200 H shares in Concord Healthcare Group Co., Ltd. ("Concord Healthcare"), its subsidiary, at an initial public offer price of HK$14.28 per H share on the Main Board of The Stock Exchange of Hong Kong Limited (the "HKSE") under the stock code 2453.HK. Concord Healthcare's H shares began to trade on the HKSE on January 9, 2024. The Company previously announced the submission of an application proof to list a minority stake in Concord Healthcare on the HKSE on June 1, 2022.The gross proceeds from the initial public offering of Concord Healthcare on the HKSE are HK$562.9 million (approximately US$72.2 million). Concord Healthcare intends to apply approximately 59.4% of the net proceeds for repaying part o Show less Read more
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