Subsidiary

(redirected from Wholly-owned subsidiary)
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Related to Wholly-owned subsidiary: parent company

Subsidiary

A wholly or partially owned company that is part of a large corporation. A foreign subsidiary is a separately incorporated entity under the host country's law. A subsidiary's financial results are carried on the parent company's books.

Subsidiary

A company that is publicly-traded but has more than half its stock owned by another company, known as the parent company. As long as the parent company owns more than half the stock, it maintains control of the subsidiary, though its other stock is still traded. Some 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. See also: Wholly owned subsidiary.

subsidiary

A company controlled or owned by another company. For example, the trucking company Overnite Transportation is a wholly owned subsidiary of Union Pacific Corporation. If a subsidiary is wholly owned, all its stock is held by the parent company. Compare holding company, parent company.
References in periodicals archive ?
Panasonic conducted a tender offer targeting all shares of Panasonic Electric Works from 23 August 2010, to 6 October 2010, in order to make Panasonic Electric Works its wholly-owned subsidiary. As a result, as of today, Panasonic holds 621,037,219 shares of Panasonic Electric Works, which equates to 82.69% of the shareholding percentage of issued shares of Panasonic Electric Works.
Headquartered in Santa Clara, Calif., Fujitsu PC Corporation is a wholly-owned subsidiary of Fujitsu Limited and the leading provider of ultra-mobile computing solutions.
Zenabis Global (ZBISF) announced that its wholly-owned subsidiary, Zenabis has entered into an agreement with High Park Holdings, a wholly-owned subsidiary of Tilray (TLRY), pursuant to which High Park will advance C$30M to Zenabis in return for a supply of dried cannabis from Zenabis.
(NLREC), being held by its wholly-owned subsidiary AC Energy Holdings Inc.
KFN is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Management LLC, which is a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co.
TELECOMWORLDWIRE-December 21, 2010-Panasonic makes SANYO wholly-owned subsidiary through share exchange(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com
Highland will be owned by the Highland Consortium, which consists of Baugur Group (through its wholly-owned subsidiary BG Holding), FL Group, Don McCarthy, West Coast Capital (through its wholly-owned subsidiary TBH Trading Limited), Kevin Stanford, Bank of Scotland (through its wholly-owned subsidiary Uberior) and Stefan Cassar.
MatchLogic, Inc., Westminster, Colo., an interactive marketing solutions company and wholly-owned subsidiary of leader in broadband Excite@Home (Nasdaq: ATHM), has expanded its DeliverETM opt-in email database.
Singlepoint Systems Corporation operates through its wholly-owned subsidiary Singlepoint Systems, Inc., the Lavenir Technology division of Singlepoint Systems, Inc., and its wholly-owned subsidiary Breece Hill Technologies, Inc.
Throughout 1993, ARES (pronounced "aries"), a wholly-owned subsidiary of MONY, will assume the management and leasing for selected MONY-owned real estate properties.
The9 Limited announced that The9 and its wholly-owned subsidiary have signed a share purchase agreement with Comtec Windpark Renewable (Holdings) Co Ltd, a wholly-owned subsidiary of Comtec Solar Systems Group Limited.