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Explain labu bhd has control over labi bhd as at june

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Point 1: On 1 July 2010, Labu Bhd acquired 70% ordinary share capital of Labi Bhd and 65% ordinary share capital of Abu Bhd. As at that date, Labi Bhd acquired 25% ordinary share capital of Ali Bhd. Later in April 2011, Labi Bhd acquired another 60% of the ordinary share capital of Ali Bhd. The financial year of the Group ends at 30 June each year.

Question 1: Explain whether Labu Bhd has control over Labi Bhd, Abu Bhd and Ali Bhd as at 30 June 2011.

Reference no: EM132504652

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