Concord Medical Announces Plan To Implement Ads Ratio Change From The Current ADS Ratio Of 1 ADS Representing 3 Class A Ordinary Shares To A New ADS Ratio Of One 1 ADS Representing 30 Class A Ordinary Shares (1-For-10)

Author: Benzinga Newsdesk | July 11, 2024 04:02pm

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 plans to change the ratio of its American depositary shares ("ADSs") to Class A ordinary shares (the "ADS Ratio") from the current ADS Ratio of one (1) ADS representing three (3) Class A ordinary shares to a new ADS Ratio of one (1) ADS representing thirty (30) Class A ordinary shares. The Company anticipates that the change in the ADS Ratio will be effective on July 30, 2024 (U.S. Eastern Time). The ADSs of Concord Medical will continue to be traded on the New York Stock Exchange under the symbol "CCM."

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