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A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. [1] A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group .
According to s.1159 of the Act, a company is a "subsidiary" of another company, its "holding company", if that other company: holds a majority of the voting rights in it, or is a member of it and has the right to appoint or remove a majority of its board of directors, or
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In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956 (12 U.S.C. § 1841 et seq.), is broadly defined as "any company that has control over a bank". [2] All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System .
DBS Bank Ltd S/A Caravaggio Holdings Limited 9,96 PT Bhakti Panjiwira 6,30 Darma Putra Wati (Deputy Chief Commissioner) 0,05 Liliana Tanaja (Commissioner) 0,11 Valencia H. Tanoesoedibjo (Commissioner) 0,00 Hary Tanoesoedibjo (President director) 3,22 Susanty Tjandra Sanusi (Deputy President Director) 0,00 Tien (Director) 0,00
Prior to adapting the multi-divisional form, many Chinese and Japanese organizations were making use of the unitary form as well as the holding form. One specific international corporation that has developed this model is the Virgin Group, which is based in Great Britain. After the realization that their forms of organizing were outdated, these ...