Brief introduction of parent company
Parent company refers to some companies that own most shares of other companies at home or abroad. Parent company and subsidiary company are corresponding concepts. If a subsidiary opens its own subsidiary, the new company becomes the grandson of the parent company. Parent companies generally have strong capital strength, and also have certain decision-making power in major subsidiaries and Sun Company. For example, the parent company can decide the composition of the board of directors of its subsidiaries. If the subsidiary has financial problems, the parent company will only bear the debts of the subsidiary within the capital contribution.