cross holding

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
GCAM and GC Pharma are a part of the Green Cross Holdings Corporation, which manufactures medicines and medical supplies.
The promoters, it said, through web of companies and cross holdings were found to be the "main decision makers", controllers and thus the beneficial owners of the company and all the related companies.
Before taking the job at CKD Holdings, Rhee was president of Green Cross Holdings, the holding company of GC Pharma.
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.
According to Reuters, the central bank of Chile has called for more oversight in cross holdings.
The two car makers, which have cross holdings in each other companies globally, will only share the manufacturing facility but make and sell their own cars.
Alan Halsall 55 Business position Chairman, Silver Cross Holdings Limited, member of Shadow Chancellor's Treasury Group Years as owner 20 Halsall has decided to stand because he feels "the various stakeholders in our sport spend too much time disagreeing between themselves".
THE Newcastle office of Galliford Try plc, formerly Kendall Cross Holdings Ltd, has appointed Mark Thompson as accountants assistant.
A BUILDING firm has appointed an accounts assistant.The Newcastle office of Galliford Try plc, formerly Kendall Cross Holdings Ltd, has recruited Mark Thompson.
Housebuilder Galliford Try has bought Newcastle-upon-Tyne-based affordable housing contractor Kendall Cross Holdings for pounds 9.3 million.