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Since the internet had no information on this, I asked a lawyer, who by his own admittance said he wasn't positive, but believed that:
a wholly owned indirect subsidiary is a wholly owned subsidiary (Company 3) that itself is owned by a wholly owned subsidiary (Company 2) of another company (Company 1). Such that Company 3 is a "wholly owned indirect subsidiary" of Company 1.
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Why is it easier for a firm to export instead of setting up a wholly owned foreign subsidiary?
You need more wetbacks
What are the advantages and disadvantages of using wholly-owned subsidiaries?
Advantages of wholly-owned subsidiaries include a tight control when it comes to operations, the ability to experience economies, and the protection of technology. The main disadvantage is that you will have responsibility for all of the costs and risks, which may be very high at times.
What is the difference between affiliates and subsidiary?
Affiliates are non associated independent dealers. Subsidiary is a divisional company owned by the parent company
Subsidiary of company?
A subsidiary company, subsidiary, or daughter company[1]is a company that is completely or partly owned and partly or wholly controlled by another company that owns more than half of the subsidiary's stock.[2][3]The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. The controlling entity is called its parent company, parent, or holding company.[4]An operating subsidiary is a business term constantly used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity, locomotives and rolling stock. In contrast, a non-operating subsidiary would exist on paper only (i.e. stocks, bonds, articles of incorporation) and would use the identity and rolling stock of the parent company.Subsidiaries are a common feature of business life, and all multinational corporationsorganize their operations in this way.[5]Examples include holding companies such as Berkshire Hathaway,[6]Time Warner, or Citigroup; as well as more focused companies such as IBM, or Xerox Corporation. These, and others, organize their businesses into national and functional subsidiaries, oftentimes with multiple levels of subsidiaries.
In which market structure engro foods comes?
Engro Foods Limited (EFL) is a wholly owned subsidiary of Engro Chemical Pakistan Limited. EFL, with its UHT milk processing plants at two locations within Pakistan, operates in dairy sector of the country. The company markets its products under different brands, usually starting with the letter "O" -- OLPERS, OLWELL, OWSOME, and recently launched OMORE. The last bran marks EFL's entry into ice cream segment. EFL has emerged as the second largest player after NESTLE in Pakistan.
