A holding company is different than a trading company which is what most people are used to. With a trading company, they usually sell products or services. A holding company holds on to things but should not necessarily be considered to be a savings account.
Some of the things holding companies are used for include:
Due to the context of legal terminology, River & Basin Holdings is outlining some of the things holding companies can be used for and has not limited the scope of its purpose beyond what is required for its operations.
The goal is to make announcements as the company develops and to not prevent its growth by making the scope of its purpose too narrow. However, River & Basin Holdings does have a specific purpose and its activities will be focused on achieving goals related to the reasons for its formation.