Backdoor listing is a cheaper way to list on the asx. It is totally legal
A basic explanation......Rather than go through the costly process of listing
you basically buy out a failed listed entity....also known as a shell company.
Register a new name......And nature of business.....Or whats known as a reverse takeover.
As i said this is a basic outline.
Would serve you well to google,,,The above for a more detailed explanation.
Good luck with your research and investments.
Cheers enjoy your day.
HUM VS BNPL, page-67
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Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $199.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 40.0¢ | $176.0K | 439.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 440959 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 143034 | 4 |
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| HUM (ASX) Chart |