Concord Medical says prior 2024-25 financial statements no longer reliable, plans restatement
Bitget2026/09/22 20:16- CMS flagged its audited 2024 and 2025 financial statements as no longer reliable due to consolidation accounting for Concord Healthcare Group.
- SEC staff said CMS lost control of Concord Healthcare Group in 2024 when its voting interest fell below a majority.
- Restatement planned to deconsolidate Concord Healthcare Group effective 2024 via an amended 2025 Form 20-F.
- Auditor Shandong Haoxin resigned on Sept. 14, 2026; Guangdong Prouden hired on Sept. 22, 2026.
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