cross holding

Cross Holding

The situation in which one publicly-traded company owns stock in another publicly-traded company. This situation can lead to double-counting of securities, especially when the two corporations are listed on the same index. Thus, one needs to account for cross holdings when aggregating the capitalizations of firms. If two firms cross hold each other, it is difficult to displace the management in one without the consent of the other corporation.

cross holding

The holding of securities in one another by two or more corporations. For example, firm A owns equity in firm B at the same time that firm B holds equity in firm A.
References in periodicals archive ?
The charged lawyers marched from GPO Chowk to Charing Cross holding placards against the Indian government and in support of the Pak-army.
Radia had said: " Regarding Swan Telecom, I would like to state that as an applicant it was not even eligible for getting a UAS licence, in view of the cross holding clause." She had also said Swan Telecom was entirely controlled by Reliance Communications.
The MoU does not include any cross holding arrangements.
"We appreciate that the question of the cross holding is a concern for those in the financial community and merits our ongoing attention.
Green Cross Holdings Corporation (KRX: 005250), a holding company for Green Cross Corporation, a leading biopharmaceutical company, and healthcare related businesses, today unveiled its new strategic master brand that promotes the simplified 'GC' name as a global corporate asset, along with a new visual identity designed to become a universally recognizable symbol.
GCLC, a cell therapy-specialized company focusing on NK cell and stem cell therapeutics, is a subsidiary of Green Cross Holdings, Inc, whose subsidiaries are engaged in human vaccines, antibody therapeutics, CTL-based adoptive immunotherapy, and clinical laboratory business.
Green Cross LabCell is an arm of South Korea's biopharmaceutical company Green Cross Holdings.
According to Reuters, the central bank of Chile has called for more oversight in cross holdings.
Peter Galbraith from Kendall Cross Holdings, contractors of the site, said: "This is a great boost for the area and will provide sustainable, efficient homes for locals."
Architect: Reid Jubb Brown Partnership Developer: Sunniside Partnership and Sunderland City Council Contractor: Kendall Cross Holdings Runner-up: Time Central Architect: Lister Associates Developer: Gallowgate Properties Ltd Contractor: Tolent Construction Runner-up: Memphis Architect: Shuttleworth Picknett & Associates Developer: Marchday Group plc Contractor: ROK
Housebuilder Galliford Try has bought Newcastle-upon-Tyne-based affordable housing contractor Kendall Cross Holdings for pounds 9.3 million.
Praise was also given to site manager Dave Thompson of Kendall Cross Holdings Ltd.