Aqua Power Systems Inc (APSI)

[Orion1972]

A wholly-owned subsidiary is a company whose common stock is 100% owned by a parent company. Wholly-owned subsidiaries allow the parent company to diversify their product lines, streamline management, and possibly reduce risk. By its nature, a wholly-owned subsidiary has no obligations to minority shareholders. https://www.investopedia.com/terms/w/whollyownedsubsidiary.asp#:~:text=A%20wholly%2Downed%20subsidiary%20is,no%20obligations%20to%20minority%20shareholders.