wholly owned subsidiary


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Wholly owned subsidiary

A subsidiary whose parent company owns virtually 100% of its common stock.

Wholly Owned Subsidiary

A company that, while theoretically publicly-traded, has all of its common stock owned by a single company. Some wholly owned subsidiaries belong to the same industry as the parent company, while others do not, and are part of a diversification effort on the part of the parent company. A wholly owned subsidiary's board of directors is directly appointed by the parent company, and is ultimately responsible to the shareholders of the parent company. Some wholly owned subsidiaries were once part of the parent company but were spun off, while others were smaller companies bought outright by their parent companies. See also: Holding company.

wholly owned subsidiary

A company that is totally owned by another company. For example, American Airlines is a wholly owned subsidiary of AMR Corp. A wholly owned subsidiary may have publicly traded preferred stock and debt, but all of its common stock is owned by a parent company and is unavailable for purchase.
References in periodicals archive ?
Ambassador Gold Limited, a wholly owned subsidiary of Great West Gold, Inc.
and its wholly owned subsidiary Company, Ambassador Gold Limited will now be in a position to develop and progress its Gold Mining Exploration activities on its various claims.
Golden Eagle Limited, a wholly owned subsidiary of Great West Gold, Inc.
FCB Bancorp, with its wholly owned subsidiary First California Bank, is a leading community banking company with headquarters in Ventura County.
Microlab/FXR, a wholly owned subsidiary, is a global provider of passive microwave components including power splitters, directional couplers and filters.
Willtek Communications GmbH, a wholly owned subsidiary, is a global provider of RF and handset production testing in wireless products for manufacturing and service operators.
Guthrie said: "The wholly owned subsidiary will actively bid on contracts involving new house construction, refurbishment of existing residential and commercial real estate and provide construction management to these developments.
The company is a wholly owned subsidiary of Enhance Financial Services Group Inc.
The Company has signed a definitive purchase agreement to acquire, through a wholly owned subsidiary, substantially all of the assets of each of Color Edge Visual, Inc.