Which of the following statements is/are correct?1 AZ owns 25% of the preferred (non-voting) share capital of BX, which means that BX is an associate of AZ.2 CW has a 10% shareholding in DY and can appoint 4 out of 6 directors to the board of DY, so DY is classified as a subsidiary of CW.3 ES has significant influence over FT, which means that FT is an associate of ES.4 GR owns 55% of the share capital of HU, but by agreement with the minority shareholder, does not have control or significant influence over the financial and operating policies of HU, so HU is a simple investment of GR.
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