Definition of wholly owned in English:

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wholly owned

Pronunciation:

adjective

Denoting a company whose shares are all owned by another company.
Example sentences
  • LWS was set up by Lancashire County Council in the 1990s as a wholly-owned company to provide a variety of waste services.
  • The council is to set up a new, wholly-owned company, which all assets and liabilities will be transferred to.
  • Canio was a wholly-owned subsidiary of Ardcarn Ltd.
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