Concord Medical Ends Voting Proxy Arrangement

Concord Medical Services (CCM) has released an update.

Concord Medical Services Holdings Limited has announced the termination of a voting proxy arrangement between its subsidiary Shanghai Medstar and five non-controlling shareholders of another subsidiary, Concord Healthcare, effective immediately on July 31, 2024. The arrangement previously allowed the shareholders to delegate their voting rights to Shanghai Medstar. This follows Concord Healthcare’s listing of H shares on the Hong Kong Stock Exchange earlier in the year.

For further insights into CCM stock, check out TipRanks’ Stock Analysis page.