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.

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 ?
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.
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.
THE Newcastle office of Galliford Try plc, formerly Kendall Cross Holdings Ltd, has appointed Mark Thompson as accountants assistant.
Housebuilder Galliford Try has bought Newcastle-upon-Tyne-based affordable housing contractor Kendall Cross Holdings for pounds 9.
Praise was also given to site manager Dave Thompson of Kendall Cross Holdings Ltd.
During the bubble years, cross holdings and strategic holdings were at their highest, financial reporting was based on historical not current values, and there was effectively no corporate governance.
Instead he claimed the collapse of the sector was due to the weak structure of some split capital investment trusts, caused by high levels of borrowings to invest and cross holdings in other splits.
Several trusts collapsed after running into difficulties from the falling stock market, high bank borrowings and high levels of cross holdings.
At the moment, France's nuclear power and technology activities are linked together by a web of cross holdings with state atomic energy division (CEA) at the top of the cascade.