On Monday Concord Medical Services Holdings Limited (NYSE:CCM) traded with change of 9.35% on volume of 1675 shares in the last session as compared to average volume of 2204 shares. During last trade its minimum price was $2.6 and it gained highest price of $2.71. CCM has total market capitalization of $227009104. Its closing value stands at $2.69.
On Dec. 2, 2019, Concord Medical Services Holdings Limited (NYSE:CCM) a specialty hospital management group and an operator of the network of radiotherapy and diagnostic imaging centers in China, notified the resignation of Mr. Shang Yan Chuang as director of the Company. Mr. Chuang submitted his resignation to the Board for personal reasons.
In addition, Concord Medical’s board of directors has accepted Mr. Chuang’s resignation and appointed Mr. Qing Pan as a director of the Company, effective from November 29, 2019.
Mr. Qing Pan is the CFO of Noah Holdings Limited (Noah). As a veteran in the investment and finance community, Mr. Pan spent 17 years with Deloitte as an audit partner before joining Noah. He was also a former member of the accounting research division at Deloitte’s headquarter in the US. He led several Chinese companies’ US listings across various industries. Mr. Pan received an MBA and a master degree in science from Northeastern University in Boston, U.S., in 1999. Mr. Pan is certified in public accounting in the U.S., mainland China and Hong Kong.
Dr. Jianyu Yang, Chairman and CEO, commented, We are very pleased to welcome Mr. Pan to the Board. Mr. Pan’s experience will be invaluable to our growth and we believe he will make significant contributions to the Company. I would also like to express my gratitude to Mr. Chuang for his contributions to the Company over the past years. He has contributed to our development and we wish him success in the future endeavors.
David Yen is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Business News category for our site. David Yen is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 5 years of investment experience; an M.B.A. from Louisiana State University and also certified in Risk Management Assurance.
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