Benelong Capital Partners and ASX Shells
Since 2010, Benelong Capital Partners has reconstructed many listed and suspended companies on the ASX. This is usually achieved via a Deed of Company Arrangement and a Creditors Trust. Subject to ASX approval, some of these companies have now been re-quoted again on the ASX via a backdoor listing, reverse takeover, RTO, or by reverse acquisition. The ASX approval to re-quote is a complex process, and if not successful, the company may be delisted. ASX strongly recommends the use of their streamlined “Application For In-Principle Advice” form, to make sure you are on the right track.
Helping Your Company Go Public
At Benelong Capital Partners, we can help you connect with a shell company that is looking for opportunities. We’ll help you find that company and guide you through the process. We’ll source a shell company for you and negotiate a price with the administrator or liquidator of the company. Along with that, we’ll then negotiate and accommodate the competing needs of shareholders, creditors, banks, employees and the directors of the shell company.
Handling all Necessary Documentation
We will then negotiate and draft all essential documentation such as the Deed of Company Arrangement, the Creditors Trust Deed, the Shareholders Notice of meeting, sourcing an Independent Experts Report, and so on. We will ensure all statutory ASX and ASIC requirements are identified and actioned.