OxPay Financial (SGX:TVV) has obtained a whitewash waiver from the Securities Industry Council that the convertible loan agreement will not result in the offeror making a mandatory general offer to the shareholders of the company, according to a Monday filing with the Singapore Exchange.
In an earlier filing, the company had entered into a revised convertible loan agreement with Oxley Capital Management for a convertible loan facility of SG$2.0 million.
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