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A holding company is one which holds shares in another company up to

Commerce
JAMB 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 Answer: Option A
Explanation

A holding company is a company that owns a significant portion of the voting shares or equity of another company, known as its subsidiary. To be considered a holding company, it typically needs to hold a majority of the voting rights or shares of the subsidiary, which is generally defined as owning more than 51% of the subsidiary's shares.


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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now