Understanding the Market | CONCORD HC GP rebounds over 5%, stock price drops by 30% in the past 4 days, controlling shareholder plans to increase company equity

CONCORD HC GP rebounded over 5%. The stock was officially removed from the Hong Kong Stock Connect starting September 8, and its price has cumulatively dropped over 30% in the past four trading days. As of the time of publication, it rose 5.57% to HKD 3.22, with a trading volume of HKD 7.7041 million. In terms of news, CONCORD HC GP announced this morning that it was informed by its controlling shareholder Concord Medical Services Holdings Limited (CCM) that CCM plans to increase its stake in the company within 12 months from the date of this announcement. The company has been informed that to facilitate the increase, CCM will use its own funds through its subsidiaries to purchase shares in the open market, and specific transactions will be disclosed in a timely manner according to regulations. The announcement stated that the increase plan aims to consolidate CCM's controlling position, raise CCM's shareholding ratio, and convey a positive message to the market that the controlling shareholder is confident in the group's future prospects and long-term development