The press release just stated that SAGA will “wholly own” both ENZC subs. So not sure how the 60% would be possible. https://www.investopedia.com/terms/w/whollyownedsubsidiary.asp#:~:text=A%20wholly%2Downed%20subsidiary%20is%20100%25%20owned%20by%20the%20parent,company%2C%20with%20no%20minority%20shareholders. Wholly owned means 100% per info above.
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