Voting rights LO2 Sylvester Ltd owns 40% of the shares of Tweety Pie Ltd; no other

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Voting rights  LO2 Sylvester Ltd owns 40% of the shares of Tweety Pie Ltd; no other party owns more than 3% of the shares. The annual general meeting of Tweety Pie Ltd is to be held in one month’s time. Historically, only the holders of around 75% of the shares were present and voted in each of the previous years’ annual meetings. Required Discuss the potential for Tweety Pie Ltd to be classified as a subsidiary of Sylvester Ltd.

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