After preliminary communication between the two parties to the transaction, the third-party independent law firm and accounting firm are invited to do their best to adjust the private placement shell (hereinafter referred to as the transferor). It will involve the business scope of the transferor, whether there is a bad record of industrial and commercial credit information, whether there is a bad record of shareholder credit information, whether the shell company has issued past fund products, the operation status of fund products, financial disclosure and so on.

In addition, the corresponding transferee will try to adjust the legal person qualification, whether it is subject to criminal punishment or administrative punishment, the capital contribution of shareholders, and the relationship between the controlling shareholder and the actual controller.

After confirmation by both parties, Shell will make industrial and commercial changes to shareholders' rights and interests, and then submit special legal opinions through the association filing system, and complete the corresponding changes after approval by the association.

(Focus: The Association stipulates that the legal representative, controlling shareholder and actual controller need to be changed, and the executive partner or China Fund Industry Association prudently identifies other major issues, so it is necessary to submit a special legal opinion on major changes of private fund managers to China Fund Industry Association, and clearly express conclusive opinions on major changes of private fund managers one by one. )

2. The price of shell companies of private equity funds: It depends on the specific situation of the target company.

I hope my answer can help you. Please feel free to consult me if you don't understand.