You seem aware of how many OTC companies structure themselves, so it shouldn't surprise you that Heffernan Holdings Inc would use a "subsidiary" for an acquistion.
I believe if you further read the company description for Heffernan Holdings Inc. below, it may help clarify how this company chooses to structure.
Heffernan Holdings (BVI)is made up of a number of investment holding companies. It operates through various business divisions in Asia: Property, Technology, Finance, Mining, Energy, and Industrial.The company owns and operates a number of subsidiaries. Is involved in joint ventures and partnerships as well as being invested in many listed securities and private ventures. Among these companies are Ebeling Heffernan, Archer Asia, Xirxi, Buzz, SplashScreen, Xtreme Developments, and more.
Heffernan Holdings holds positions in over 80 listed companies to varying degrees as well as being invested in commodities and other derivative markets.
Heffernan Holdings investment portfolio in Property is principally comprised of hotels and condominium projects in Asia, as well as serviced apartments, hotel interests, and other residential accommodations.
The Manufacturing division manufactures, markets, and distributes the products from washing machines to motor vehicles and spare parts in partnership with Ebeling Heffernan.
The Financial Services division operates a number of businesses many in partnership with Ebeling Heffernan all concentrated on Asian markets and will expand into the securities sector in 2010.
Energy investments include Asian Energy Inc. a supplier of solar energy and a leading manufacturer of solar products in Asia.
Mining interests in Asia include Oil & Gas, Mn Ore, Iron Ore, Gold, and Quartz.
The Stock Market always does what you think it will, but rarely when.
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