Quote Originally Posted by Caversham Green View Post
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The holding company will retain all the shares it currently owns, but the total number of shares will increase by whatever number of new shares are actually bought.

For example, if the total number of shares in existence was 100 and the holding company owned 90% it would hold 90 shares in total. If 100 new shares were issued and bought by HSL the holding company would still own 90 shares, but it would be 90 out of 200, which is 45%.
Thanks for describing that