05:06 PM EDT, 07/11/2024 (MT Newswires) -- Concord Medical Services ( CCM ) said Thursday it plans to change the ratio of its American depositary shares to class A shares to a new ratio of one ADS representing 30 class A shares from the current ratio of one ADS representing three class A shares.

The company said it expects the ratio change to be effective on July 30.

The company's shares were falling past 8% in after-hours trading.

Price: 0.8500, Change: -0.08, Percent Change: -8.60