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shell company
noun
- a near-defunct company, esp one with a stock-exchange listing, used as a vehicle for a thriving company
- a company that has ceased to trade but retains its registration and is sold for a small sum to enable its new owners to avoid the cost and trouble of registering a new company
Example Sentences
A couple hours down the coast, Ellen DeGeneres and mining tycoon Robert Friedland — more specifically, a shell company linked to Friedland — engaged in a high-end home swap in Santa Barbara.
The complex accounting trick started in March 2017 when a shell company, with no money or assets, called Severn Trent Trimpley was set up as part of the group.
However our investigation has found that Bazhou Red Fruit shares a phone number with Xinjiang Guannong, and other evidence, including shipping data analysis, suggests that Bazhou is its shell company.
The Screen Actors Guild-American Federation of Television and Radio Artists has accused Formosa — which counts “League of Legends†among its most popular projects — of attempting to “subvert the video game strike†by recruiting nonunion talent for one of its struck titles and operating under the guise of a shell company.
But a New York Times report said that BAC was a shell company that acted as a front for Israel, citing Israeli intelligence officers.
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