GUNNS might emerge from a trading halt with a new name as soon as next week.
Spokeswoman Barbara Sharp yesterday hosed down speculation the company was in the process of rebirth.
She said Gunns was considering options to boost its chances of building its Bell Bay pulp mill, including a name change. No decisions had been made.
The forest products company, founded in 1875 by John and Thomas Gunn, has applied for a trademark on the name Enpax Australia for use with paper, pulp and timber products.
Gunns is wrestling with $340 million of debt and a shattered public image after a six-year battle to turn the Tamar pulp mill vision of former chief executive John Gay and chairman Robin Gray into reality.
Its shares went into a trading halt on March 9 after Richard Chandler Corporation backed off from a $150 million investment.
Gunns on Monday asked the Australian Securities Exchange for a trading halt extension, and told the Exchange that it was on track to outline plans, and a prospectus for a $400 capital raising next Monday.
Gunns market value has been put at $135.7 million.
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