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Related Parties

This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.

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February 28, 2015 at 6:05 pm #230800
yellow
Participant
- Topics: 53
- Replies: 68
Dear Mike
Hope you are fine and extremely thank you with all your help & time!
My question is about related parties. Suppose entity A has 30% of entity B and also 30% of entity C Now the question is : Is entitiy B the related party of entity C and vice versa?
I hope the answer will be NO! Otherwise the confusion will be just started!
Thank you in advance
February 28, 2015 at 6:10 pm #230803
MikeLittle
Keymaster
- Topics: 27
- Replies: 23331
You are correct, the answer is no.
February 28, 2015 at 6:17 pm #230805
yellow
Participant
- Topics: 53
- Replies: 68
Thank you! I know by posting thank you, your time will be wasted by saying “You’re welcome” (as I think by doing that it will be easier for you to identify non-answered topics easier) but that will not prevent me to say that! 😀
Thank you Mr Little and Allah bless you.
February 28, 2015 at 7:41 pm #230815
MikeLittle
Keymaster
- Topics: 27
- Replies: 23331
And may you too be blessed Yellow 🙂
And, by the way, you really are welcome
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