Brief: Concord Medical announces receipt of "going private" proposal

Concord Medical Services Holdings

11/07/2016 11:00

July 11 (Reuters) - Concord Medical  CCM.N : 
    * Announces receipt of preliminary non-binding "going 
private" proposal 
    * Proposed transaction is intended to be financed with debt 
or equity capital or a combination thereof 
    * Board, in consultation with its legal and financial 
advisors, will review proposal from buyer parties 
    * Proposal from Jianyu Yang, CEO of company, Morgancreek 
Investment Holdings Limited and Blue Ocean Management Limited 
    * Parties to acquire all of outstanding shares, ADS at a 
price of us$1.73 per class a ordinary share or us$5.19/ADS 
 
Source text for Eikon:  ID:nPnbcRj8Ra  
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