JP 3E Holdings Inc (JPTE)

[mahatmapaul]

The ways in which Park misuses, abuses and exploits the English language is dreadful but, alas, effective with True Believers/dummies.

"... Bloxcross will continue as a strategic trade finance partner to JP3E for assisting the role of trade financing via USDT payment ..."

From Investopedia:

When you acquire a company, it becomes a subsidiary of your company, not a partner; this is because acquiring a company means you gain control over it, making it a subordinate entity under your ownership, whereas a partner would have more equal standing and decision-making power.

A strategic partner is a business that a company works with over time to achieve shared goals. Strategic partnerships are long-term agreements that involve collaboration to create value for customers ..... Strategic partners remain independent businesses.


[also]:

If you acquire 51% of a company, it is considered a subsidiary because owning more than 50% of a company gives you a controlling interest, making the other company your subsidiary; you are not considered a partner in this situation.