Concord Healthcare to Provide Finance Guarantees for Subsidiaries' Borrowing

MT Newswires Live

03/19

Concord Healthcare Group (HKG:2453) said it will provide new finance guarantees for its subsidiaries' borrowing needs, according to a Hong Kong bourse filing Wednesday.

Shares of the medical services firm fell nearly 4% in late morning trade Thursday.

The firm will guarantee up to 3.7 billion yuan in borrowings for a 12-month period.

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