The company was previously called Neon Energy and changed its name to Neon Capital in February 2016. Neon was formed in 2009 through the purchase of private company Neon Energy Pty Ltd by Salinas Energy Limited, an ASX-listed entity. The merged entity combined Neon’s highly prospective Vietnamese exploration assets with Salinas Energy’s diverse portfolio of Californian production, appraisal and exploration assets. The company has since shifted focus to become an investment company.
Neon delisted from the ASX in February 2017, citing a desire to be able to pursue different investment opportunities without the need to undertake the re-compliance measures required under ASX listing rules.