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Singapore billionaire grows Shenzhen Mindray by US$3.8 billion a month and pledges more as ‘golden decade’ beckons Iris Ouyang iris.ouyang@scmp.com A statue of a bull is displayed outside the Shenzhen Stock Exchange in the southern Chinese city of Shenzhen. Photo: Reuters
In less than three years since its home debut, Shenzhen Mindray Bio-Medical Electronics has handed stock investors greater returns than all the largest companies traded on the Shanghai and Shenzhen exchanges bar two.
The stock s 992 per cent total return from mid-October 2018, in US dollar terms, easily surpassed the CSI 300 Index by more than 10 times. Only a dozen companies with at least US$20 billion of market capitalisation, such as Tesla and Singapore-based Sea Ltd, have performed better on the global stage over the period.