On 1 January 2019, Mawar Bhd acquired 10 million ordinary shares in Ros Bhd. The issued share capital of Ros Bhd comprised of 25 million ordinary shares of RM1 each. The remaining ordinary shares are held equally by two investors respectively. The shareholders agreement grants Mawar Bhd the right to appoint, remove and set the remuneration of management responsible for directing the relevant activities.

REQUIRED: 1. Discuss whether Mawar Bhd has a control over Ros Bhd on 1 January 2019. (5 marks)