Concord Medical (CCM) CEO discloses large indirect Class B and ADS stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Concord Medical Services Holdings Ltd director and chief executive officer Yang Jianyu reported his initial ownership in a Form 3. He may be deemed the beneficial owner of 38,287,948 Class B ordinary shares held by Morgancreek Investment Holding Limited, all convertible into an equal number of Class A ordinary shares at no cost. He is also attributed 466,097 American depositary shares, each representing 30 Class A ordinary shares, indirectly held by Morgancreek.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Yang Jianyu
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares, par value US$0.0001 per share | -- | -- | -- |
| holding | American depositary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares, par value US$0.0001 per share — 38,287,948 shares (Indirect, By Morgancreek Investment Holding Limited);
American depositary shares — 466,097 shares (Indirect, By Morgancreek Investment Holding Limited)
Footnotes (1)
- Represented 466,097 American depositary shares ("ADSs"), each representing 30 Class A ordinary shares, par value US$0.0001 per share, of the Issuer (the "Class A Ordinary Shares") held by Morgancreek Investment Holding Limited ("Morgancreek"), a limited liability company organized under the laws of the British Virgin Islands. Represented 38,287,948 Class B ordinary shares, par value US$0.0001 per share, of the Issuer ("Class B Ordinary Shares), held by Morgancreek. The Class B Ordinary Shares are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares at no cost. The Reporting Person is the sole director of Morgancreek and the Reporting Person's spouse indirectly holds 70% of the equity interests in Morgancreek. As such the Reporting Person has the power to direct Morgancreek as to the voting and disposition of the Class B Ordinary Shares and the ADSs held by Morgancreek. The Reporting Person may be deemed the beneficial owner of all the Class B Ordinary Shares and ADSs representing Class A Ordinary Shares held by Morgancreek.
FAQ
What insider holdings did Yang Jianyu report in Concord Medical (CCM) Form 3?
Yang Jianyu reported indirect beneficial ownership of 38,287,948 Class B ordinary shares and 466,097 American depositary shares of Concord Medical through Morgancreek Investment Holding Limited, establishing his initial disclosed equity position in the company under SEC rules.
How does Morgancreek Investment Holding Limited factor into the CCM Form 3 disclosure?
Morgancreek Investment Holding Limited holds the Class B ordinary shares and ADSs. Yang Jianyu is Morgancreek’s sole director, and his spouse indirectly holds 70% of its equity, so he may be deemed to beneficially own the securities Morgancreek holds.
Did the CCM Form 3 report any insider buying or selling activity?
No buying or selling activity is reported. The Form 3 lists holding entries only, indicating Yang Jianyu’s initial indirect beneficial ownership through Morgancreek, rather than new market transactions or changes in his position.