Mr Cooper Group Inc (COOP)

[t1215s]

The parent has 100% in its wholly own sub and 50% +/- of the subs sub

GoGoooooCOOP
GgGLTA-Ts

Edit
In some countries, licensing regulations make the formation of new companies difficult or impossible. If a parent company acquires a subsidiary that already has the necessary operational permits, it can begin conducting business sooner and with less administrative difficulty.
There is the potential for coordination of a global corporate strategy. A parent company usually selects companies to become wholly-owned subsidiaries that it considers vital to its overall success as a business.