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grammar check Due to majority of the company shares are owned by many person, the credit checking is done for shareholder with shares above 5% which already represent the majority shares of the company which is 80%

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It could be either: Due to the majority of the company shares being owned or Because the majority of the company shares are owned (Don't forget "the" before "majority".) ...by many people Person is singular, people plural. I am not sure what the rest of the sentence wanted to say.

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