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Shanghai-based Attorneys Advise Shanghai Beitai Industrial Corporation on NEEQ Listing

On January 26, Shanghai Beitai Industrial Corporation (“Beitai”, stock code: 831972) was successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. Beitai was advised by Shanghai-based partner Wang Yue, attorneys Deng Wei and Zheng Jianrui and paralegal Yu Zhichao. 

Shanghai Beitai Industrial Corporation (formerly known as Shanghai Beitai Industrial Co., Ltd.) was founded in March, 2009 with RMB21mln registered capital. It is a large supplier of urban gas pipeline and supporting facilities installation and construction services for Shanghai No.1 Gas Pipeline Engineering Co., Ltd.. It owns Level-3 civil public work EPC qualifaction and three levels of licenses (i.e., GB1, GB1(for Pipeline engineering) and GC2) for pressure pipeline installation issued by General Administration of Quality Supervision, Inspection and Quarantine. It also holds certificates of National CB/T19001-2008 Gas Pipeline Engineering and Construction Quality Management System, National CB/T28001-2011 Occupational Health and Safety Management System, and CB/T24001-2004 Environment Management System. In 2013, three exhaust pipeline supporting projects, at a scale of over RMB10mln each in terms of quantity of work, had been completed; four supporting projects at a scale of RMB5mln had been completed; and RMB140mln of revenue had been produced. A number of the projects undertaken by the company received awards from the local government for their rule-abiding practice, high safety standards, integrity, etc.