Recently, Mindary Medical Co. announced the three management members submitted amended non-binding proposal to the Board of Directors whom will purchase all of the circulating stock with $27 from other shareholders of the company. The privatized price of $27 is 10% lower than $30 which was first proposed in June. The company` s share price hit new lows in 52 weeks after the information has been released.

At the beginning of June, when A share was hot, China concept stock listed in United States has raised a trend of returning, many companies announced that they received the buyout offer and Mindary was one of them. In June, the three management members in Mindary firstly submitted a non-binding proposal to Board of Director. They will purchase the circulating stock from other shareholders with $30, which is 9.2% higher than the closing price before the day, then A share started to slump as well as other China concept stocks listed in US. Mindary established a special committee composed by independent director to assess the privatization offer scheme.

Mindary listed in Sep. 2006 in US, engaged in the research and manufacture of clinical medical equipment, the share price of the company surged to the peak of $44.99 after one year, but till now it plummeted almost 50% from the top and the price earning ratio is about 16 times.