Delisting a company - Switch from Public to Private

Overview

This article will look at how to process the delisting of a company where the company still continues to trade/the shares still maintain their worth. This may occur when a company has been removed from the ASX but still continues to operate. 

To process the delisting, the following 2 steps will need to be completed in Simple Fund 360:

1. Create a new investment account to hold the private company's securities
2. Process a transaction recode through the transaction recode screen

Instructions

Example

A fund has holdings in RPMGlobal Holdings Limited (RUL). The company was delisted from the ASX as of 18/02/2026. The company has not been liquidated.

To process this in Simple Fund 360, create the account to hold the securities in the unlisted company:

Step 1: Creating a new Investment account

1. Navigate to the Chart of Accounts

   From the Main Toolbar, go to Accounting.
   Select Chart of accounts from the list.

2. Click Add Account
   
3. Select Investment
4. Click Select Investment Type
   
5. Select Shares in Unlisted Private Companies (Australian)
6. Click Select Securities
   
7. Click Create New
   
8. Enter the details for the security that will be associated with the private company. How to add a Security
9. In the New Security screen, add a price for the security. Manually Revaluing Security Prices

Step 2: Processing a Transaction Recode

Next, we will process a transaction recode, this will recode all previous transaction linked to the old investment account to the new investment account created in Step 1. This will also include all linked accounts, for example, transactions linked to dividends. 

1. Navigate to Transaction Recode 
    
2. Click Start New Transaction Recode 
   
3. Select Investment 
    
4. Select the Old Investment to be the "Move From" Investment (In this example, it will be 77600/RUL.AX).
   
5. Select the new Investment to be the "Move To" (In this example, it will be 77800/RUL.AX) 
   
6. The following warning will display. Select Confirm
   

This will move all the shareholdings and linked transactions from the previous account to the new account.