From Longman Business Dictionary
asset-strippingˈasset-ˌstripping verb [uncountableU] FINANCE the practice of buying a company whose shares are worth less than its assets, then selling its assets in order to make a quick profitThe new owners turned out to be more interested in asset-stripping than investment.
—asset-stripper noun [countableC]There was a fear we were going to come in as asset-strippers, sell everything quickly, and then run.