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Mindray Issues Statement and to Host a Conference Call to Discuss Recent Stock Volatility
Date:12/13/2013

ncing market environment and will adjust its strategy as appropriate.

  • Manufacturing and R&D Facilities 
  • The research report suggests that Mindray has not made claimed facilities investments.
    In particular, the research report contains photos purportedly taken at Mindray's Nanjing and Zhongguancuan facilities.
    By our initial investigation, we have confirmed one photo is of our  completed Changping, Beijing facility (not our Zhonguancuan facility) and the other is not our Nanjing Facility. As long term Mindray investors know, since Mindray's IPO, the company has frequently hosted investor visits to its headquarters and other major facilities. The same applies to the Nanjing facility.  For newer investors and others desiring to know the truth, the company will seek to accommodate investor requests for site visits. Alternatively, the addresses of our facilities are No.666, Zhengfangzhong Road, Jiangning Technology Development Zone, Nanjing, Jiangsu Province, China and Building #5, Shangdi Qunying Science Park, Haidian, Beijing,China .  Investors are welcomed to drive to such locations to prove it for themselves.

  • Other Accounting Matters
  • In 2008, Mindray acquired its Datascope patient monitoring business in an asset purchase from a U.S. listed company in exchange for cash consideration of  $209 million.
    In seeking to discredit Mindray's accounting, the research report, among other things, question whether the Datascope acquisition was properly accounted for and whether there were related intangible writeoffs in 2009.  The acquired Datascope acquisition was properly accounted for, the business continues to serve as the major infrastructure for Mindray's penetration into the North America medical equipment business an
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    SOURCE Mindray Medical International Limited
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