Why don't listed companies sell their shells before delisting?
The answer is as follows: You can borrow a backdoor after delisting. For example, the star stock in the market this year and today, Xinhualian. This is the successful backdoor listing of Fangsheng Technology after five years of delisting. Some companies withdraw from the market and no one dares to buy a shell to reorganize, because the shell of the company is not clean. For example, serious losses, excessive debts, too many problems left over from history, complicated restructuring process and high cost. Nobody cares.