Top Health Care Stocks <\/p>\n
JNJ -0.10% <\/p>\n
PZE +0.18% <\/p>\n
MRK -0.60% <\/p>\n
ABT -0.44% <\/p>\n
AMGN -1.29% <\/p>\n
Health care stocks were mostly lower, with the NYSE Health Care Sector Index declining 0.6% and shares of health care companies in the S&P 500 also down 0.6% as a group. <\/p>\n
In company news, Concord Medical Services Holdings Ltd. ( CCM ) was rising after the radiotherapy and diagnostic imaging company late Friday said it issued nearly 45.8 million newly created Class B shares to an entity controlled by the company's top two executives and giving them control of over 86% of CCM's voting rights. <\/p>\n
Under the resolution adopted by shareholders participating in a Jan. 27 special meeting, each of the new Class B shares are eligible to cast 10 votes on future proposals. CCM ordinary shares, which became Class A shares on a one-for-one basis, can cast one vote while American despository shares will have three votes each, matching their current ratio with ordinary shares. <\/p>\n
With the addition of the convertible Class B shares, Morgancreek Investment Holdings Ltd. - an investment vehicle 60% owned by CCM Board Chairman and CEO Jianyu Yang with Chief Operating Officer Zheng Cheng owning the other 40% - now controls 44.33% of all CCM issued stock and 86.28% of its voting rights, the company said. <\/p>\n
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Health Care Sector Update for 02\/02\/2015: CCM,HEB,PSTI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Top Health Care Stocks JNJ -0.10% PZE +0.18% MRK -0.60% ABT -0.44% AMGN -1.29% Health care stocks were mostly lower, with the NYSE Health Care Sector Index declining 0.6% and shares of health care companies in the S&P 500 also down 0.6% as a group. In company news, Concord Medical Services Holdings Ltd. ( CCM ) was rising after the radiotherapy and diagnostic imaging company late Friday said it issued nearly 45.8 million newly created Class B shares to an entity controlled by the company's top two executives and giving them control of over 86% of CCM's voting rights. Continue reading