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Longman Dictionary of Contemporary English
asset stripping
noun
EXAMPLES FROM CORPUS
▪ At the extreme, tax advantages gave rise to downright asset stripping.
▪ He says they're not in the business of asset stripping.
▪ I have made clear the actions that we shall take to avoid asset stripping.
▪ It is obviously important to ensure that there is no asset stripping.
▪ There could be asset stripping, with the new owner selling bus stations for a quick profit.
▪ Unless there are safeguards in the Bill, there will be asset stripping and property rip-offs on a grand scale.
▪ We obviously want to avoid asset stripping and the selling on of assets at a large profit.
▪ What happened there was a classic example of asset stripping.
Wikipedia
Asset stripping

Asset stripping is a method in which a company or an individual, known as a corporate raider, attains control of another company, and then auctions off the acquired company's assets. The sold assets are often used to repay the debt of the corporate raider, which may have been increased due to the acquisition. The process of asset stripping is utilised by corporate raiders in order to repay the debts they may have, whilst increasing their net worth. A company that may become susceptible to asset stripping is a company whose individual assets are worth more than its collective net worth.

The term is generally used in a pejorative sense as such activity is not considered productive to the economy. Asset stripping is considered to be a problem in economies such as Russia or China that are making a transition to the market. In these situations, managers of a state-owned company have been known to sell the assets which they control, leaving behind nothing but debts to the state.

Usage examples of "asset stripping".

Some investing here, a little bit of takeover bidding and asset stripping there.