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Discuss the potential for def ltd to be classified

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Question - ABC Ltd owns 40% of the shares of DEF Ltd; no other party owns more than 3% of the shares. The annual general meeting of DEF Ltd is to be held in one month's time. Historically, only the holders of around 75% of the shares were present and voted in each of the previous years' annual meetings. Discuss the potential for DEF Ltd to be classified as a subsidiary of ABC Ltd.

Reference no: EM132771090

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