The Bank of New York Selected as Depositary Bank by Mindray
NEW YORK, September 27, 2006 - The Bank of New York, a global leader in securities servicing, has been appointed as depositary bank by Mindray Medical International Limited for its American depositary receipt (ADR) Level III program. Each Mindray ADR represents one ordinary share. The ADRs trade on the New York Stock Exchange under the symbol “MR.”
Mindray, based in Shenzhen, is a leading medical device developer, manufacturer and marketer in China. Mindray develops and manufactures medical devices, including patient monitoring devices, diagnostic laboratory instruments and ultrasound imaging systems. The company has 29 offices in major cities in China, as well as representative offices in the United States, Canada, the United Kingdom and Turkey.
Joyce Hsu, Mindray’s chief financial officer, said, “We selected The Bank of New York as depositary because of its proven track record. We seek to maximize U.S. investor interest in our program, and we believe the Bank has the resources and expertise necessary to help us achieve that goal.”
Christopher Sturdy, executive vice president and head of The Bank of New York’s Depositary Receipt Division, said, “We look forward to helping Mindray unlock the potential of the U.S. equity markets through the establishment of a Level III ADR program listed on the NYSE. As the world’s leading depositary, The Bank of New York will use its resources to develop a long and mutually beneficial partnership with Mindray and its investors and brokers.”
The Bank of New York is depositary for more than 1,250 American and global depositary receipt programs, a 64% market share, acting in partnership with leading companies from 61 countries. With an unrivalled commitment to helping securities issuers succeed in the world’s rapidly evolving financial markets, the Bank delivers the industry’s most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.adrbny.com.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.
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