Or, and I'm just thinking out aloud here, but...... What if you...

Or, and I'm just thinking out aloud here, but...... What if you listed a company on the ASX, for the sole purpose of purchasing a company you already own and then did a capital raising for $40m, leaving the original shareholders with 50% of the issued shares and the new shareholders with 50%. You then use that $40m cash to purchase your company which you owned 100%. So, now you have $40m in cash, plus half the shares in the newly listed company valued at around $80m. A much better option than simply repatriating the ~$30m cash, right?

Tax is so fun!