Can shell companies go public?

Shell companies cannot go public. According to relevant laws and regulations, the registered capital of a listed company is at least 30 million, and the publicly issued shares account for more than 25% of the total shares of the company. Shell companies have no business.

legal ground

Article 50 of the Securities Law of People's Republic of China (PRC)

A joint stock limited company applying for stock listing shall meet the following conditions:

(a) approved by the the State Council securities regulatory authority for public offering.

(2) The total share capital of the company is not less than 30 million yuan;

(3) The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares is more than 10%;

(4) The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.

A stock exchange may prescribe listing conditions higher than those prescribed in the preceding paragraph, and report them to the the State Council securities regulatory authority for approval.