Khalid and his four brothers inherited NCB upon their father's death in 1994, and a 21% stake was sold to a group of private investors when the bank morphed from an unlimited liability private partnership into a joint stock company.

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V, the leading mutual insurer, has set up a joint-stock company, though not a publicly traded one.

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LB, which is already a joint-stock company, but two groups of Sparkassen would still own most of the bank.

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He ended up at Tianjin Lishen Battery Joint-Stock Company.

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Another insurance mutual, Alte Leipziger, has organised a joint-stock holding company which, executives say, may eventually be listed on the stock exchange.

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Mercedes and Toyota are in joint ventures with the company and its stock price has held up well since its IPO.

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In one case, a U.S. company sold stock in a Hong Kong company that owned a 49% interest in a Chinese joint venture.

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