China medical device maker risks getting too pricey

  • Business
  • Thursday, 11 Jul 2019

SHANGHAI: One of the biggest companies listed on southern China’s tech-heavy stock exchange is a fast-growing Chinese medical device maker that is grabbing market share from the likes of General Electric Co and Siemens AG.

Shenzhen Mindray Bio-Medical Electronics, which was added to the MSCI index at the end of May, has soared 51% this year to become a top performing stock listed on the ChiNext board. With a total market value of US$29bil, Mindray is vying with Wens Foodstuffs Group to be the largest ChiNext counter.

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