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Discuss the potential for XYZ Ltd to be classified

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QUESTION - CASE STUDY-CONTROLLED ENTITIES - ABC Ltd owns 40% of the shares of XYZ Ltd; no other party owns more than 3% of the shares. The annual general meeting of XYZ Ltd is to be held in one month's time. Historically, only the holders of around 70% of the shares were present and voted in each of the previous years' annual meetings.

Required - Discuss the potential for XYZ Ltd to be classified as a subsidiary of ABC Ltd.

Reference no: EM132980879

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