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China Medical Wrestles with Accounting for $345 Million Acquisition

publication date: Oct 27, 2008

China Medical Technologies told investors it would release a preliminary Q2 (ended September 30, 2008) financial report on November 18, but a full announcement, complete with answering questions from analysts, will wait another month until December 18. As reason for the delay, the company said it must determine the value of tangible and intangible assets involved in its eye popping $345 million acquisition of the HPV-DNA Chip and SPR-based Analysis System. More details...
Stock Symbol: (NSDQ: CMED)



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