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From Wikipedia, the free encyclopedia
Whitewash waiver or whitewash resolution is a corporate law concept originating in Hong Kong and Singapore. It refers to a proposed resolution for the waiver of rights of independent shareholders to receive a mandatory takeover from the undertaking shareholders and its concert parties for the ordinary shares of the company not already owned or controlled by them.[1]
In some cases an investor will apply to the executive for the whitewash waiver, which, if granted, will be subject to the approval of independent shareholders.[2]
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