Concord Healthcare Completes HK$68 Million Convertible Bond Issue Under General Mandate

Concord Healthcare Group Co., Ltd. has successfully completed a HK$68 million convertible bond issue under its general mandate. The bonds, convertible into H shares at an initial price of HK$1.70, will provide additional capital while adhering to existing shareholder authorization. The company controls potential adjustments to the conversion price and does not anticipate exceeding the current mandate limit. A full bond conversion could increase total share capital to 823,662,016 shares, resulting in a modest dilution for existing shareholders. Concord Healthcare operates in the medical and healthcare services sector in China and is listed in Hong Kong.