Question on: JAMB Commerce - 2024
A holding company is one which holds shares in another company up to
A
51%
B
41%
C
33%
D
25%
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Correct Option: A
A holding company is a company that owns enough shares in another company (a subsidiary) to control its policies and management. The general threshold for control is owning more than 50% of the voting stock. Therefore, owning 51% or more is the most appropriate answer.
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