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Stock Market & Financial Investment News

News Breaks
November 5, 2012
17:11 EDTMRMindray Medical's Mr. Xu Hang resigns from co-CEO position
Mindray Medical International Limited announced that Mr. Xu Hang has resigned from his co-chief executive officer (co-CEO) position effective immediately, but will continue to serve as Mindray's chairman. Mr. Li Xiting, Mindray's president and co-CEO, has been appointed as CEO by the company's board of directors. He will continue to serve as president. A key founding member of Mindray, Mr. Li has served as the company's director, president and co-CEO since 1991. He will continue to oversee Mindray's business operations and overall management. Mr. Li received his bachelor's degree from the University of Science and Technology of China.
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June 24, 2015
08:07 EDTMRMindray Medical forms special committee to evaluate 'going private' proposal
Mindray Medical announced that its board has formed a special committee comprised of three independent directors of the company, Ronald Ede, Kern Lim and Qiyao Wu, to consider the previously announced non-binding proposal received by the company's board on June 4, 2015 from Li Xiting, its Executive Chairman of the Board, President and Co-Chief Executive Officer, Xu Hang, its Chairman of the Board, and Cheng Minghe, its Co-Chief Executive Officer and Chief Strategic Officer. The Special Committee has retained Lazard Asia Limited as its independent financial advisor and Shearman & Sterling as its U.S. legal counsel to assist it in its evaluation of the Proposed Transaction and any other alternative transaction.

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