Question 03 Zeplin Ltd holds 80% of the shares carrying voting rights in Alphine (Pty) Ltd and
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Question 03
Zeplin Ltd holds 80% of the shares carrying voting rights in Alphine (Pty) Ltd and 40%
of the shares carrying voting rights in Brands (Pty) Ltd. Alphine (Pty) Ltd holds 60%
of the shares carrying voting rights in Brands (Pty) Ltd. Explain in detail whether
Brands (Pty) Ltd is a subsidiary of Zeplin Ltd .
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