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Subsidiary

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Subsidiary
A company owned by another company(parent company) that controls more than 50% of its voting stock.
    
AS Long as the parent company has more than 50% of the voting stock in the subsidiary, it has control. In the case of a foreign subsidiary, the company under which the subsidiary is incorporated must adhere to the laws of the country in which the subsidiary operates, although the parent company still carries the foreign subsidiary's financials on its books (consolidated financial statements).
Posted by  Privatebanking.com
 
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