/ˈkloʊsli hɛld ˌkɔrpəˈreɪʃən/ – Phrase
Definition: Công ty cổ phần có quan hệ gắn kết chặt chẽ.
A more thorough explanation: a small company, whose shares can be publicly traded, with a limited number of shareholders, usually family members or other close associates
Example: The closely held corporation structure itself often leads to the abuse of minority shareholders.
