Concord Medical Services to trade Hospital Management subsidiary shares on New Third Board in China.
M2 EQUITYBITES-January 11, 2016-Concord Medical Services to trade Hospital Management subsidiary shares on New Third Board in China
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Hospital company Concord Medical Services Holdings (NYSE:CCM) said on Friday that its wholly-owned subsidiary, Meizhong Jiahe Hospital Management (MHM), will now list its shares on the New Third Board, the over-the-counter (OTC) stock exchange in China following approval .
This approval was awarded by the National Equities Exchange and Quotations in China to Meizhong Jiahe Hospital Management, formerly called CMS Hospital Management Co. Following the approval, Concord Medical is currently performing relevant procedures prior to listing.
MHM reportedly provides management services to the company's existing network of radiotherapy and diagnostic imaging centers. MHM is implementing plans to build and operate a network of cancer specialty hospitals and free-standing radiotherapy and diagnostic imaging centres in China.
The New Third Board or NEEQ is a national over-the-counter stock exchange established by the State Council in 2012 in Beijing, regulated by the China Securities Regulatory Commission and managed by NEEQ.
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