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REVISION QUESTION 2 ABC Ltd owns 49%% of XYZ Ltd while EGO Ltd owns 51% of XYZ Ltd. ABC Ltd actively formulates the strategic and

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REVISION QUESTION 2 ABC Ltd owns 49%% of XYZ Ltd while EGO Ltd owns 51% of XYZ Ltd. ABC Ltd actively formulates the strategic and operational policies of XYZ Ltd while EGO Ltd plays no part in the day to day management of XYZ Ltd. Who if any controls XYZ Ltd? [a) ABC Ltd (b) EGO Ltd (c) Both ABC Led and EGO Ltd (d) There is no clear controlling entity

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