A Ltd owns 100% of the issued share capital of B Ltd and 70% of the issued
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A Ltd owns 100% of the issued share capital of B Ltd and 70% of the issued share capital of C Ltd. C Ltd owns 70% of the issued share capital of D Ltd.
(a) Which companies are associated with A Ltd?
(b) If A Ltd acquired 60% of the issued share capital of an overseas company, would this overseas company also become an associated company of A Ltd?
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a A Ltd clearly controls B Ltd and C Ltd Furthermore even though A Ltd owns n...View the full answer
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