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ASX Suspended and Listed Shell Companies for Sale
Traditionally, to get onto a securities exchange like the ASX, a company would have to follow an initial public offering process, however there is another way – that is through the use of existing ASX shell companies. By using an ASX shell company for a backdoor listing, reverse takeover, RTO or reverse acquisition, a company can avoid the traditional path of an IPO.
This RTO path is a complex process and ASX strongly recommends that applicants use the ASX’s “Application For In-Principle Advice” form. Whilst Benelong does not perform this “Stage 2” service, we can put you in touch with professionals whom do.
More about ASX Shell Companies
Given the nature of what we do, we become aware of ASX shell companies for sale. Voluntary administrators often call us. Such ASX shell companies may be offered by administrators or liquidators of a company. Benelong effectively clears away all debts and liabilities via a DOCA and Creditors Trust. The ASX shell will have no assets, business, nor any debts or liabilities after we complete the DOCA. It is important to contact us as soon as you are considering a RTO or backdoor listing, as shell companies tend to be appealing when the right circumstances exist.
If an ASX shell company is suspended, it will still remain visible on the ASX home page. It’s still a listed company. But if a company is suspended for 2 years, or if its financial accounts are overdue for 1 year, it will be delisted. Delisted does not mean going into liquidation, it just means the company is no longer visible on the ASX home page for fresh announcements.