Question
2.1 Wiztech Ltd owns 1. 80% of shares in Block Ltd 2. 30 % of shares in Ancient Mines Ltd 3. 5% of Shares in
2.1 Wiztech Ltd owns
1. 80% of shares in Block Ltd
2. 30 % of shares in Ancient Mines Ltd
3. 5% of Shares in Jabulani Industrial Clothing Ltd, and by
virtue of a contractual agreement has the right to appoint 7 out of 10 directors to the board of the company.
Block Ltd owns
1. 48% of shares in Siren Ltd
2. 70% of shares in Firetrucking Ltd
3. 4% of shares in Wiztech Ltd
4. 45% of shares in Ancient Mines Ltd.
2.1.1 Indicate Wiztech Ltd susidiaries. Give a full explanation for your answer.
(8x1/2=4)
2.1.2 Block Ltd wants to buy 7% of shares in Wiztech Ltd, is this
possible. Explain.
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