Concord Healthcare to Provide RMB3.7 Billion in Subsidiary Guarantees

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Concord Healthcare Group Co., Ltd. Class H ( (HK:2453) ) has shared an update.

Concord Healthcare Group Co., Ltd. has announced its intention to provide new financing guarantees to its subsidiaries, with an aggregate amount not exceeding RMB3,700 million. This decision is aimed at supporting the business development and operational needs of its subsidiaries. The proposal will be presented for approval at an extraordinary general meeting scheduled for April 11, 2025. The move is expected to enhance the company’s operational capabilities and strengthen its market position by ensuring adequate financial support for its subsidiaries.

More about Concord Healthcare Group Co., Ltd. Class H

Concord Healthcare Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the healthcare industry. The company focuses on providing healthcare services and solutions, catering to various medical needs through its subsidiaries.

YTD Price Performance: -29.55%

Average Trading Volume: 1,313,700

Technical Sentiment Consensus Rating: Strong Buy

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