The BOD of Concord Medical Services Holdings (NYSE:CCM) declares a special cash dividend of US$0.30 per ordinary share (US$0.90 per American Depository Share). The total expense for the dividend will be ~US$40.5M based on 134,836,300 ordinary shares outstanding.
The dividend is the second one declared this year.
CCM surges nearly 13% ahead of earnings on Monday on over 4X avg. volume. Monday will tell if this is a pump up or info. leak.
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Concord Medical Services Holdings Ltd operates radiotherapy and diagnostic imaging centers in China. It offers medical equipment leasing and operational management services to help hospitals and dedicated to radiotherapy and diagnostic.