Latest news with #CCM
Yahoo
2 days ago
- Health
- Yahoo
Concord Medical Services Holdings Limited (CCM)'s Subsidiary Debuts Nation's First Proton Therapy LLM
Concord Healthcare Group Co., Ltd., a subsidiary of Concord Medical Services Holdings Limited (NYSE:CCM), has announced a major breakthrough in cancer care with the launch of China's first large language model (LLM) dedicated to proton therapy. This advanced AI tool, developed in-house by Concord Healthcare, has been successfully deployed at Guangzhou Concord Cancer Hospital, where it is already supporting high-quality, precise proton therapy treatments for cancer patients. A scientist at a state-of-the-art laboratory closely examining a cellular therapy sample. The innovative LLM is trained on nearly 10,000 radiotherapy cases, integrating multimodal medical data, national databases, and leading scientific literature to enhance its diagnostic and treatment capabilities. Since the introduction of proton therapy at the hospital, patients have benefited from more accurate treatments, improved outcomes, and fewer side effects. Concord Medical Services Holdings Limited (NYSE:CCM)'s subsidiary, Concord Healthcare, is a leader in oncology services across China, offering comprehensive cancer care through its hospitals and clinics, and providing advanced medical equipment and software solutions to third-party institutions. This latest AI-driven development underscores Concord's commitment to elevating the standard and accessibility of cancer treatment nationwide, leveraging cutting-edge technology and multidisciplinary expertise to improve patient outcomes. While we acknowledge the potential of CCM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CCM and that has 100x upside potential, check out our report about this READ NEXT: and Disclosure: None.
Yahoo
3 days ago
- Business
- Yahoo
CCM Latino Originators Recognized Among Nations Best on NAHREP Top 250 List
CLEVELAND, May 28, 2025 /PRNewswire/ -- CrossCountry Mortgage (CCM), the Nation's #1 Retail Mortgage Lender, made its strongest showing yet on the 2025 National Association of Hispanic Real Estate Professionals (NAHREP) Top 250 Latino Mortgage Originators list, with 17 loan officers earning recognition — a 21% increase over last year. This year's list highlights standout Hispanic leaders across the country, including Terri Santiago-Parker, who ranked #1 in the Northeast Region for the second consecutive year. In the Southwest Region, Chris Leon and Lizy Hoeffer took the top two spots, ranking #1 and #2, respectively. Rodrigo Ballon and Julio Silva were also recognized in NAHREP's Top 100 Latino Mortgage Originators by Volume, earning the #4 and #6 positions. "Helping more Hispanic and Latino families achieve the dream of homeownership is not just a goal at CCM — it's a commitment we're proud to deliver on," said Ron Leonhardt, Founder and CEO of CCM. "Representation on this list is an honor, but what matters most is the real impact behind it. I'm proud of our team and ready to do even more in 2025." NAHREP's Top 250 list honors mortgage professionals who are helping drive sustainable homeownership for Latino families, based on the number of closed mortgages during the 2024 calendar year. In 2024, CCM helped nearly 14,000 Hispanic families purchase homes, funding a record $5 billion in home loan volume within those communities. CCM continues to invest in tools, resources and partnerships that provide authentic, focused support to Hispanic homebuyers — building borrower confidence and expanding access to homeownership. The company is a national partner of NAHREP and actively participates in its annual homeownership and wealth building conference each year. "These professionals represent the backbone of Latino homeownership growth in the U.S.," said NAHREP National President Oralia Herrera. "They have guided thousands of families through a tough housing market, proving that trust, market expertise, and deep community ties are the true drivers of success in this industry." For more information about CrossCountry Mortgage, visit About CrossCountry MortgageCrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 7,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture. We offer more than 120 mortgage, refinance and home equity solutions – ranging from conventional and jumbo mortgages to government-insured programs from FHA and programs for Veterans and rural homebuyers – and we are a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae, and Ginnie Mae (NMLS #3029). Through our dedication to getting it done, we make every mortgage feel like a win. Contact: Natalie LonjakDirector, Corporate View original content to download multimedia: SOURCE CrossCountry Mortgage
Yahoo
23-05-2025
- General
- Yahoo
‘I've been where they are': Concord woman gives back at pantry that once helped her
After facing homelessness and receiving support from Cooperative Christian Ministry in Concord, Detrice Dixon now volunteers at the same pantry, using her story to inspire and uplift others in need. READ MORE: Nonprofit plans to renovate old Concord plant to help families in housing crises 'You can come here and get prayer,' she said. 'You can get food. You can get fed in more ways than just one.' Dixon volunteers twice a week at CCM's food pantry program. She started volunteering while going through her own challenges. 'At the time, I literally stayed in a hotel with my children for about almost two months, and that's costly,' Dixon said. 'So, the money that I had to find somewhere to live. It dwindled down until there was no more.' She was accepted into CCM's housing program to get back on her feet and through that, she was required to volunteer. Dixon returned after she found stable housing and a job. 'God has allowed me to pray with the clients, and I'm grateful for that, because I can encourage them, because I can relate to these clients,' Dixon said. 'I've been where they are, where they've been.' Volunteers like her are now more important than ever. Meri Beaver with CCM said the nonprofit serves about 4,000 people a month, which is slightly more than last year. 'The amount of food we need has gone up,' she said. 'Our donations are also up but not quite enough to meet the needs of the people coming in.' Recent cuts from the USDA have impacted the operation. Food they typically count on from Second Harvest Food Bank through the federal Emergency Food Assistance program is down. 'It's about half of what it was last month,' Beaver said. Help from the community is always needed. 'We see the difference every day,' 'Us as a community, it's important for us to stand together and help one another out,' Dixon said. CCM organization is mostly volunteer run and beyond food needs, they also need volunteers. Click here on how to help and to get more information. VIDEO: Vandal destroys nonprofit's van that helps dozens experiencing homelessness
Malaysiakini
23-05-2025
- Business
- Malaysiakini
M'sia should improve public access to beneficial ownership data
LETTER | I refer to the letter by the Companies Commission of Malaysia (CCM) titled 'CCM's response to TI-M on beneficial ownership information' published on May 22, 2025. In a world where freedom of information, which promotes values like accountability and transparency, is the antidote to corruption, Malaysia risks falling behind. While global financial watchdogs continue to push for reasonable openness in corporate ownership, I humbly opine that Malaysia's latest regulations on access to beneficial ownership (BO) information tend to leave the public in the dark. In Malaysia, under the Companies (Access to the Register and Information Relating to Beneficial Ownership) Regulations 2025, access to BO data is primarily restricted to enforcement agencies and reporting institutions. Even beneficial owners can only view their own records. The general public? Completely shut out. Meanwhile, it is understood that public scrutiny under certain circumstances is of paramount importance. In the context of public procurement, for instance, if there is no public access, journalists and civil society cannot investigate whether a company that wins a lucrative government tender is secretly owned by any relatives of a politician or a government official. Malaysia's current regulations provide no meaningful avenue for the public to monitor potential conflicts of interest in government contracts, despite international best practices recommending the disclosure of beneficial ownership in procurement awards. In such a context, access to beneficial ownership information can support anti-corruption efforts and limit opportunities for abuse in awarding public procurement or extractive contracts. Therefore, by referring to the guidelines titled 'Unmasking Control: A Guide to Beneficial Ownership Transparency' published by the International Monetary Fund (IMF) in 2022, Malaysia can still address the aforementioned shortcomings with the following proposed reforms. First, a tiered access system should be introduced. I believe the public in general should be able to access the basic information of the beneficial owners of any companies, such as names and countries of residence, whereas financial institutions and authorities can access more comprehensive records when needed. This approach strikes a delicate balance between privacy concerns and the need for transparency and good governance. Second, when we come to ownership in public procurement, the relevant information should be disclosed to the public, who, as the taxpayers, have the right to know. When public funds are spent, the public has the right to know who benefits behind the scenes. Hence, the BO information of the awarded companies in public procurement should be reasonably made available to the public to allow civil society to better monitor and scrutinise the awarding of procurement contracts. Undeniably, global trends are still in the midst of evaluating the appropriate extent of public access to BO data. However, I still believe that transparency with reasonable or necessary safeguards should always be the norm. To build public trust, combat corruption, and attract clean investment, Malaysia must go further. We should proportionately let sunlight in and move away from unnecessary secrecy. The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.
Malaysiakini
22-05-2025
- Business
- Malaysiakini
CCM's response to TI-M on beneficial ownership information
LETTER | The Companies Commission of Malaysia (CCM) refers to the statement by Transparency International Malaysia (TI-M) and its public commentary on social media concerning the limited access of beneficial ownership (BO) information to the public. CCM has introduced a comprehensive beneficial ownership reporting framework under the Companies Act 2016 through the Companies (Amendment) Act 2024, which came into effect on April 1, 2024, and the Limited Liability Partnerships Act 2012 through the Limited Liability Partnerships (Amendment) Act 2024, effective Jan 31, 2025. CCM wishes to clarify that the implementation of the BO framework is guided by Malaysia's commitment to uphold the highest standards of corporate transparency while ensuring compliance with the recommendations of the Financial Action Task Force (FATF) and findings from the National Risk AsseCCMents. The regulatory framework has been designed to balance the need for transparency while ensuring personal data, national interest, and security are fully protected. Both bills proposing amendments to the Acts underwent extensive public consultation processes and were presented to the MPs. The issue of access to BO information was thoroughly debated in Dewan Rakyat and Dewan Negara before both amendments were passed. Under one of the four main policy statements of the Companies (Amendment) Bill 2023 consultation, the scope of strengthening the beneficial ownership reporting framework was proposed. Among others, Subsections 613(1)(aa) dan (ba) of the Companies Act 2016 were introduced to confer powers on the minister to make regulations concerning any matters relating to the access to beneficial ownership information as well as the scheme of compromise or arrangement, corporate voluntary arrangements, judicial management, liquidation, and receivership. This led to the introduction of the Companies (Access to Register and Information Relating to Beneficial Ownership) Regulations 2025, which took effect Jan 10, 2025. Similar provisions were also introduced under the Limited Liability (Amendment) Bill 2024, where BO information disclosure was made mandatory via the Limited Liability (Amendment) Act 2024. To further support the stakeholder engagement, CCM issued a 'Consultative Document on the Proposed Guideline for the Reporting Framework for Beneficial Ownership of Companies (Revised)' on Dec 22, 2023. The consultation period was open to the public until Jan 31, 2024. Subsequently, CCM has also issued a 'Guidelines for the Reporting Framework for Beneficial Ownership of Limited Liability Partnerships (Revised)' on Aug 9, 2024, where the consultation was also opened to the public until Sept 9, 2024. Both documents received feedback from the industry players, legal professionals, enforcement authorities and the public. These initiatives reflect CCM's ongoing commitment to transparency and inclusivity in the development of a robust and effective legal framework for BO disclosure, particularly in matters related to data access by relevant parties. Effective April 1, 2024, CCM mandated the submission of BO information in line with the enforcement of the Companies (Amendment) Act 2024. As of April 30, 2025, a total of 636,342 companies, representing 92.57 percent of the 687,412 companies with existing status, have submitted their BO information. With the issuance of the Companies (Access to Register and Information Relating to Beneficial Ownership) Regulations 2025, which came into effect on Jan 10, 2025, CCM will also issue similar regulations for limited liability partnerships at a later date to be announced. Under these regulations, access to BO data is restricted and granted only to specific categories of persons for legitimate purposes, particularly in the context of anti-money laundering, counter-terrorism financing, and promoting good governance. Access to BO information is limited to the following categories of persons, each identified based on their regulatory, enforcement or compliance-related roles and responsibilities: The beneficial owner; Individuals authorised by the beneficial owner; Enforcement agencies and competent authorities under Section 3(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613), such as Bank Negara Malaysia, police, and MACC; Reporting institutions carrying out anti-money laundering and counter terrorism financing activities as listed under the First Schedule of Act 613; and The Finance Ministry, specifically for functions related to government procurement. Authorised agencies, enforcement bodies and regulated institutions may access BO information for purposes aligned with their statutory functions. These include carrying out investigation activities, ensuring compliance with anti-money laundering and counter terrorism financing requirements and conducting know-your-customer or customer due diligence procedures. This framework supports the integrity of the corporate ecosystem by promoting transparency, facilitating informed decision-making and strengthening confidence in the use of legal entities for legitimate economic activities in Malaysia. This approach reflects practices across Asean, where access to BO information is similarly restricted to competent authorities and selected institutions. In countries such as Singapore, Thailand, Indonesia, the Philippines, and Vietnam, BO data is collected by regulatory bodies such as the Accounting and Corporate Regulatory Authority in Singapore, the Department of Business Development in Thailand, the Securities and Exchange Commission in the Philippines, and other designated authorities. However, this information is not made available to the public. The same applies to Brunei, Cambodia, Lao PDR, and Myanmar, where access to BO information remains limited to enforcement agencies and regulatory authorities. This regional consensus underscores a common emphasis on protecting personal data and preserving national security while enabling access for legitimate regulatory and compliance purposes. It is also important to highlight that there are growing concerns about public access to BO information globally. Several major East Asia economies - including China, Japan and South Korea - have adopted a similar stance by restricting access to BO information, limiting its availability to designated government and regulatory authorities. In Europe, public access to BO registers has also come under increasing scrutiny. Notably, countries such as France, Germany, Austria, and the Netherlands have restricted public access following the European Court of Justice's landmark ruling on Nov 22, 2022 (ECLI:EU:C:2022:912). The court ruled that unrestricted public access constituted a serious infringement on the rights to privacy and personal data protection under the EU Charter of Fundamental Rights. These developments reflect a broader international shift towards re-evaluating the extent of public access to BO data, with an emphasis on striking a balance between corporate transparency, personal data protection, and national security considerations. In addition, CCM wishes to emphasise that the legal obligations relating to the new BO reporting framework are reinforced by stringent enforcement provisions through the Companies (Amendment) Act 2024 and the Limited Liability Partnerships (Amendment) Act 2024. Any person who knowingly or recklessly provides false or misleading information about a beneficial owner to a company or to CCM commits an offence. Upon conviction, the offender may be liable to a fine not exceeding RM3 million, imprisonment for a term not exceeding 10 years, or both. These provisions are designed to uphold the integrity of the BO reporting framework and ensure that the true individuals who ultimately own or control the companies are not concealed. The enforcement mechanism is essential to ensure compliance with international standards, particularly the FATF recommendations, and to support Malaysia's broader efforts in enhancing corporate transparency and combating financial crimes. As Malaysia subscribes to a multi-pronged approach, where CCM is one of the sources to verify BO information of companies and LLPs, persons who can have access to the BO information have a legal duty to report any discrepancies of the information supplied to them with the information or data obtained by or within the knowledge of those persons. Failure to report such a discrepancy within 30 days from the date of the supply may trigger certain penalties under the Companies Act 2016. CCM is strongly committed to promoting transparency, good governance and regulatory integrity. It welcomes engagement with stakeholders, the media and international bodies to continue improving the effectiveness and credibility of Malaysia's corporate regulatory landscape. The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.
