RE: Chal31 Jul 2019 10:11
companies. The listed shell company refers to a listed company without assets and liabilities, which has no business because of various reasons, but still maintains the identity and qualification of the listed company. Some shell companies are still trading in the market, some have not traded, but are a kind of shell companies.Shell companies can have no assets, no business, but do not have debt and legal proceedings, is the so-called "clean" shell, otherwise adverse to the acquisition of companies.
Shell companies must remain fully listed, including filing their financial and business status on time, as required by the SEC, or us regulators can disqualify them from listing.