Wealthy investors buy shell companies to gain from their listed status


An increasing number of listed shell companies are being acquired through small deals by wealthy individual investors who want to possibly take advantage of the listed status of these entities. The investors are sensing an opportunity in buying out promoters and minority shareholders in a sluggish market, as the acquisition provides ready listing platform for the unlisted businesses of the acquirers. This can take place through reverse merger transactions.
http://economictimes.indiatimes.com/markets/stocks/market-news/wealthy-investors-buy-shell-companies-to-gain-from-their-listed-status/articleshow/12845317.cms

 

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