Chinese Wheelchair Maker Tests SEC's Appetite for VIE Structure

Key takeaways:1、Jin Medical is the first Chinese company using a VIE structure to seek a New York listing since the U.S. securities regulator temporarily banned such applications earlier this year2、The wheelchair maker said in its prospectus it believes its application is legally acceptable to various Chinese regulatorsWhen it comes to Chinese firms listing in New York, medical IPOs appear to offer the best medicine against controversy.That’s the message that’s quickly coming through with a trickle of new IPO applications starting to re-emerge on Wall Street, including the latest from wheelchair maker Jin Medical International Ltd. (ZJYL.US). The company made its first public filing for a listing on the Nasdaq in late September, and last Friday filed an updated versionthat includes a price range and final fundraising targets.Normally this kind of low-tech listing – whi ………………………………