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An update from Concord Healthcare Group Co., Ltd. Class H ( (HK:2453) ) is now available.
Concord Healthcare Group Co., Ltd. announced that its controlling shareholder, Beijing Concord, has pledged an additional 35,602,300 H shares to China Credit as security for a loan facility. This move is part of an ongoing strategy to secure obligations under a loan agreement, with the pledged shares now representing approximately 4.54% of the company’s total issued shares. This development may impact the company’s financial strategy and stakeholder interests as it navigates its obligations with China Credit.
The most recent analyst rating on (HK:2453) stock is a Sell with a HK$2.50 price target. To see the full list of analyst forecasts on Concord Healthcare Group Co., Ltd. Class H stock, see the HK:2453 Stock Forecast page.
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 is involved in providing healthcare services and products, with a focus on leveraging its market presence in China.
Average Trading Volume: 4,907,476
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.91B
Learn more about 2453 stock on TipRanks’ Stock Analysis page.