wholly owned subsidiary

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Wholly owned subsidiary

A subsidiary whose parent company owns virtually 100% of its common stock.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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

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.
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 ?
is a holding company that conducts its retail discount brokerage business through its wholly owned subsidiary, Muriel Siebert and Co., Inc.
TechnipFMC (FTI) has been awarded a number of subsea contracts by Anadarko Mocambique Area, a wholly owned subsidiary of Anadarko Petroleum Corporation (APC), for its Mozambique Golfinho/Atum development.
(TSX: AVP) has announced that, along with its wholly owned subsidiary Avcorp Composite Fabrication Inc., it has reached a settlement with HITCO Carbon Composites, Inc., SGL Carbon, LLC, and SGL Carbon SE, the company said.
A wholly owned subsidiary of Panta Holdings BV, Panta is the company's majority shareholder owning about 68.6% of the issued and outstanding common shares.
The Philippine unit is the wholly owned subsidiary of Central American Resources Inc.
Moreover, Abi Khalil declared that as per the provisions of the tender protocol allowing the right holders to establish wholly owned signing affiliates, the two Exploration and Production Agreements were duly signed by Total E&P Liban s.a.l.
as the wholly owning parent company and Sumisho Specialty Steel as the wholly owned subsidiary company, the companies said.
(OTCQB: SPYR), a holding company with wholly owned subsidiaries in the mobile game and app development and publishing industry and the food service industry, has formed a new wholly owned subsidiary in Finland, SPYR APPS Oy, the company said.
THE Reserve Bank of India ( RBI) on Wednesday announced that foreign banks that want to enter the country but have complex structures or lack adequate disclosure, or which are not widely held, will be let in only as wholly owned subsidiaries ( WOS).
Alok Industries invested USD 165.22 million in two tranches in wholly owned units in the United Arab Emirates and the US.
NET Midstream reported that NET Mexico Pipeline, hP, a wholly owned subsidiary of NET, will build a 124-mile, 42-inch natural gas pipeline system to the Texas/Mexico border, with associated compression.