I．Brief
JLDZ Ltd (hereinafter referred to as GTI) is a Israel company registered in Tiberias, Israel in 1978, which specializes in the research, development and manufacture of antenna. In September 2013, GTI's shareholders registered B Technology Inc. (hereinafter referred to as Baylin) in Toronto, Canada in order to get listed on the Toronto Stock Exchange (TSX).
GTI officially launched its IPO in the same month and engaged Norton Rose Fulbright as issuer’s counsel as well as Jiangsu Ruilai Law Firm as issuer’s counsel in China. Jiangsu Ruilai Law Firm thus issued the legal due diligence report and written legal opinions for securities offering regarding GTI's businesses in China.
II. Results
As Baylin's counsel in China for its IPO in Canada, Mr. Yiping Chen participated in drafting the prospectus, independently issued the due diligence report and other legal opinions as required by the prospectus and the underwriting agreement, and answered more than 40 legal and management questions from the Canadian Securities Administrators.
III. Comments
The legal due diligence report, written legal opinions and relevant internal control system prepared by lawyer Yiping Chen played a critical role in this IPO and ensured our legal service successful.
Yiping Chen
Jiangsu Ruilai Law Firm