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Concord Healthcare Group Co., Ltd., a subsidiary of Concord Medical (TASE:BLWV) Services Holdings Ltd (NYSE:CCM), announced Tuesday it has entered into a placing agreement to issue 48,723,600 new shares on the Main Board of The Stock Exchange of Hong Kong Limited (HKSE:2453.HK). The agreement was signed with Guotai Junan Securities (Hong Kong) Limited, which will act as the sole placing agent.
According to a statement released by the company, the placing agent has conditionally agreed to procure at least six independent third-party investors to subscribe for the new shares. The shares will be offered at HK$5.54 per share, with additional charges including brokerage, SFC transaction levy, AFRC transaction levy, and Stock Exchange trading fees payable by the investors.
Concord Medical Services Holdings Ltd previously announced the listing of its subsidiary Concord Healthcare’s H shares on the HKSE on January 9, 2024. The current placement is being conducted under the company’s existing general mandate.
The information in this article is based on a press release statement and the company’s filing with the U.S. Securities and Exchange Commission.
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