Investment Research Group Limited (IRG) is looking to rebrand itself as an asset less shell for sale to any investor seeking a reverse listing in New Zealand. The company will be named as Vetilot Limited and will trade under the ticker VET as of January 14, 2012. Managing Director Brent King expects to change the name again once a buyer is identified.

"If you don't need to raise capital then it's cheaper than going through the prospectus route," King said. The company said it has already lined up two possible bidders although no binding agreements have been signed. The details regarding asking price of the reverse listing were not disclosed.