During the Pre-IPO stage, JFU Consultants assist clients
in the following:

• Determination of the appropriate shareholders' structure
• Review of the coherence between the restructured
  group's business strategies and the restructuring exercise
• Putting the structure of the restructured group in place
• Establishing the enabling mechanism in the areas of tax and risk management for the restructured group to grow according to the business strategies before the IPO takes place.