RCC Holdings Corp fka RCCH

[ghcnj]

Wrong again. I wonder how some people get through life without knowing the meaning of a simple phrase as in the case of the RCCH PR ???

Use of the world “Sole” means - Being the only one.

AS IT PERTAINS TO BUSINESS..
Upon reaching a decision to organize or acquire a subsidiary corporation, the business enterprise parent controls its subsidiary by being its sole stockholder. By holding, i.e., owning all of the subsidiary's voting stock, the parent has the power to elect and remove the entire board of directors.

To maintain control of a subsidiary and at the same time allow the subsidiary to operate as an independent entity under the direction of its board of directors, a parent business enterprise should: (1) be the sole shareholder;


... Use of the world “Sole” means - Being the only one.

... "Subsidiaries" is plural (I hope that word is known) LOL.

It’s like saying: “I am the sole owner of 20 cars”

Stating “Sole Subsidiaries” in a Press Release speaks volumes. It means RCCH is the sole owner of many companies. Hope this helps educate.

Look it up.