If your subsidiary is liquidated, and it owns stocks (that obviously AS Holding will pick up), will your holding company get the cash for these stocks?
It should, yes
So if you create a subsidiary for the (main) purpose of collecting stocks, so that you can liquidate it when you want to cash it in (the benefit would be that it is always possible to cash in even though nobody wants to buy it), would that be cheating? I think I've seen this kind of behaviour. May not be much of an advantage, but it feels like a grey zone.
There is "no" advantage in my opinion. Due to the fact that the remaining money of the subsidiary will be paid to all shareholder you shouldn't have a single AS$ more (under the circumstances that you haven't done anything with that enterprise to earn money)
I think there is a misunderstanding.
If I want to buy some stocks, I could create a subsidiary with say 100 millions. Then the subsidiary buys stocks for 100 millions. When those stocks are worth 150 millions, you could put it up for sale. But stock market on AS doesn't work that well since there are not that many traders, so there is no guarantee that you can sell it. But if you liquidate the company, you can always get rid of those stocks to AS Holding. So, is this misuse of AS Holding, or is it as intended?
That's almost the same ;)