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ChinaFIG - Acquisition Advisor Required for Equity, Stock or Share Contribution - Article 30, Order #10

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Acquisition Advisor Required for Equity, Stock or Share Contribution - Article 30, Order #10
In relation to a foreign company acquiring a Chinese Company with equity, the Chinese Company or investors are required to enlist the services of a company registered in China to act as its “Acquisition Advisor.”  The Acquisition Advisor is required to draft a professional opinion in regards to the foreign company.  The research in regard to obtaining the opinion must entail certain Due Diligence, whereas the truthfulness of the foreign company’s registration/application, the foreign company has the financial means to perform such an acquisition and that the transaction is in accordance with Articles 14, 28 and 29 mentioned above.