A Limited acquired 30% of the ordinary shares of B Limited. B Limited has 80% of the ordinary shares of C Limited. C Limited has 65% of the ordinary shares of D limited. A limited and D limited have joint control of E Limited and each has 50% in E Limited. What is the relationship between B Limited and E Limited?

Select one:
a. Investor-associate
b. Acquirer-acquiree
c. No relationship
d. Parent-subsidiary