In order to expand its business, a few years ago, Leeds Ltd purchased 43% of the ordinary shares of Salford Ltd. The remaining 57% shareholdings are held by three other shareholders who possess the equal proportions of shares.

Required:

(1) Explain the concept of de facto control. (40 to 50 words)

(2)According to the above scenario, explain whether Leeds Ltd can control Salford Ltd. (50 to 60 words)