I agree with you that the structure seems to be, as I said—I used this adjective—layered.
There seem to be a lot of corporate structures under CDEV, whereas CDEV probably could have done that directly rather than set up different subsidiaries.
On September 16th, 2024. See this statement in context.
September 16th, 2024 / 11:40 a.m.
Parliamentary Budget Officer, Office of the Parliamentary Budget Officer
I agree with you that the structure seems to be, as I said—I used this adjective—layered.
There seem to be a lot of corporate structures under CDEV, whereas CDEV probably could have done that directly rather than set up different subsidiaries.
See context to find out what was said next.