EMR emerald resources nl

clarification needed, page-2

  1. 2,988 Posts.
    One other question - they say they are earning 80% WI through a US subsidiary, and say they will own 90% of that subsidiary.

    Does that mean they actually will be getting 80% * 90% = 72%, or does the subsidiary actually get 88.8% and EMR gets 90% of that - so they get 88.8% * 90% = 80%.
 
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