I have no idea what "whitewash" refers to. But, because of the following two paragraphs, I think it might be good, whatever it is:
"The extraordinary general meeting (the `Extraordinary General Meeting') of the Company was held on 10th March, 2000 to consider,among others, the resolutions approving the Subscription Agreement,the allotment and issue of 1,152,500,000 new shares to SBIIH and the granting of the Whitewash Waiver by the Executive.
"The Company is pleased to announce that at the extraordinary General Meeting, all ordinary and special resolutions were passed by the shareholders, or (where applicable) independent shareholders, of the Company in accordance with the Articles of Association of the Company
and the Hong Kong Code on Takeovers and Mergers."
Clearly, they wanted the whitewash waiver to happen. But what the F*** does it mean????? |
