Which of the following entities is not a subsidiary of EBC? 

EBC Ltd. has an interest of 51% in XYZ Ltd. and signed an agreement with shareholder B, whereby B is responsible for the production and commercial operations of XYZ Ltd., while EBC is responsible for the marketing decisions and human resources department. 

EBC Ltd. has a direct interest in 25% of Douro Wines. At the beginning of this year, EBC Ltd. entered into an agreement whereby it established an option to increase its holding with more than 26% of the equity interests of Douro Wines. The exercise price of the call option is in the money and it can be exercised at any moment. 

EBC Ltd. has 49% of JIK Ltd. and has absolute veto rights over the decisions made by board of directors with regard to the annual operating budget. The remaining 51% of JIK Ltd. is widely held by thousands of shareholders (none of whom holds more than 1% of the voting rights). 

EBC Ltd. has a direct interest in 48% of XYZ Co. XYZ Co. is listed on the London Stock Exchange. The rest of XYZ Co.'s equity is dispersed among shareholders than do not hold more than 1% of XYZ Co.'s equity each.

 

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EBC Ltd has a direct interest in 48 of XYZ Co XYZ Co is listed on the ... View the full answer