What does a subsidiary mean?

A subsidiary refers to an enterprise controlled by another enterprise (called the parent company), which is generally controlled or associated by the contracting party. In the service contract, other companies owned or controlled by another company of one contracting party may also be listed as subsidiaries.

I. Types of subsidiaries

(1) Affiliate, a company that is associated with other companies by owning or being owned, * * managing assets or long-term leasing or other control means.

(2) Subsidiary refers to a company in which another company holds more than 50% of its voting share capital.

(3) A company whose shares (usually minority shares) are held by other companies for a long time (British usage).

2. What is a wholly-owned subsidiary?

1. According to the relevant provisions of China's company law, a subsidiary is a branch of the company.

2. The wholly-owned subsidiary you mentioned is the branch of the wholly-owned subsidiary, and the non-wholly-owned subsidiary is the branch of the non-wholly-owned subsidiary.

2. Legal basis:

3. Articles 185th and 186th of the Company Law of People's Republic of China (PRC).

Article 36 of the Measures for the Administration of the Acquisition of Listed Companies

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