Cheng Zheng (NYSE: CCM) reports 7,500,000 Class B Concord Medical shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Concord Medical Services director Cheng Zheng reported his initial beneficial ownership of the company’s equity. He is deemed to beneficially own 7,500,000 Class B ordinary shares, all held through Bluestone Holdings Limited, where he is the sole director and shareholder. These Class B shares are convertible at any time, at the holder’s option and at no cost, into an equal number of Class A ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cheng Zheng
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares, par value US$0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares, par value US$0.0001 per share — 7,500,000 shares (Indirect, By Bluestone Holdings Limited)
Footnotes (1)
- The Class B Ordinary Shares, par value US$0.0001 per share, of the Issuer ("Class B Ordinary Shares), are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares, par value US$0.0001 per share, of the Issuer ("Class A Ordinary Shares), at no cost. Represented 7,500,000 Class B ordinary shares held by Bluestone Holdings Limited ("Bluestone"), a limited liability company organized under the laws of the British Virgin Islands. The Reporting Person is a sole director and sole shareholder of Bluestone. As such the Reporting Person has the power to direct Bluestone as to the voting and disposition of the Class B Ordinary Shares held by Bluestone. The Reporting Person may be deemed the beneficial owner of all the Class B Ordinary Shares held by Bluestone.