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China Medical Technologies, Inc. (CMED) Has "No Assets" According to Liquidators


9/5/2012 10:42:46 AM

by Richard Daverman, PhD

September 4, 2012 -- China Medical Technologies Inc. (NSDQ: CMEDY), a company that makes diagnostic products, has no assets anywhere in the world, outside of perhaps the Cayman Islands, according to an official liquidator of the company. In the year ended March 31, 2011, China Medical reported revenues of $129 million and cash reserves of $172 million. During the last year, the company has “gone dark” – it has not made any of its required filings, nor has it made any of its regular debt payments. More details....

Stock Symbol: (NSDQ: CMEDY)


Read at ChinaBio Today

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