Concord Medical Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price
Concord Medical Services Holdings Limited ADS (Each represents three ordinary shares) (CCM)
US:NYSE Investor Relations:
ir.concordmedical.com/phoenix.zhtml?c=232856&p=irol-newsarticle&id=2317349
Company Research
Source: PR Newswire
BEIJING, Feb. 20, 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 that it has received a letter (the "Letter") from the New York Stock Exchange (the "NYSE") dated February 12, 2024, notifying the Company that it is below compliance standards due to the trading price of the Company's American depositary shares (the "ADSs") and that the applicable cure period for the Company to regain compliance expires on August 12, 2024.Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its ADS trading price and average ADS trading price back above $1.00 within the applicable cure per
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CCM
News
- Concord Medical Services Holdings Full Year 2023 Earnings: CN¥6.81 loss per share (vs CN¥11.21 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Concord Medical Files 2023 Annual Report on Form 20-FPR Newswire
- Concord Medical Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price [Yahoo! Finance]Yahoo! Finance
CCM
Sec Filings
- 4/26/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/19/24 - Form 20-F
- CCM's page on the SEC website