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A holding company is a company that has control over another company by holding a majority of its voting shares or by having the power to appoint or remove the majority of its board of directors. The primary purpose of a holding company is to exercise control and management over its subsidiary companies rather than directly engaging in commercial or operational activities. Holding companies are ______ ________ __________ _____ ___ ____ ____ ____ ___ _____ ____ _________.
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