Whitewash waiver

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Whitewash Resolution is a proposed resolution for the waiver of rights of independent shareholders to receive a mandatory take-over offer from the investor and its concert parties for the ordinary shares of the company not already owned or controlled by them.

A whitewash waiver is a corporate law concept originating in Hong Kong and Singapore. 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.