The part I don't understand about all this is they are buying...

The part I don't understand about all this is they are buying the assets at a premium, then working towards listing the new company on the ASX.

Why not just buy the whole company at the 0.06 share price it was before the offer and payout the debt. Would have been a whole lot cheaper and they would end up with a listed company.

I hope the sales does go through and everyone makes a good profit but just don't understand the logic.