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Blue Bells Ltd is a subsidiary of ABC Ltd. Blue Bells Ltd wants to have significant and direct voting power on resolutions adopted at general

Blue Bells Ltd is a subsidiary of ABC Ltd. Blue Bells Ltd wants to have significant and direct voting power on resolutions adopted at general meetings of ABC Ltd. Consequently, Blue Bells Ltd would like to acquire 25% of the issued ordinary shares in ABC Ltd. Explain whether Blue Bells Ltd may acquire 25% of the issued shares in ABC Ltd and whether Blue Bells Ltd may have voting power on resolutions adopted at general meetings of ABC Ltd if it acquires any of the issued shares in ABC Ltd.

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