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Article 28
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Where the applicant company's initial stock listing application is voluntarily withdrawn by the applicant or rejected by the TWSE after resolution, if the reasons for the voluntary withdrawal or rejection the have been rectified or extinguished, and the recommending securities firm finds no impediment to listing after a thorough assessment, the company may apply for listing again only after filing with the TWSE a complete underwriter's assessment report and a financial report. Notwithstanding the above, if the company's application is voluntarily withdrawn or rejected by a resolution of the TWSE due to the circumstances where listing is not advisable under Article 9, paragraph 1, subparagraphs 8 or 9, or Article 31, paragraph 1 , subparagraph 7 or 8, of the Rules Governing Review of Securities Listings, then after the reason for the voluntary withdrawal or rejection has been rectified or extinguished, the company may immediately re-apply for listing without being subject to the restrictions of paragraph 2.
The financial report referred to in the preceding paragraph shall mean, if the voluntary withdrawal or rejection by the TWSE occurs in the first half of the fiscal year, the financial report for the second-quarter of that fiscal year that has been submitted to the board of directors and reviewed by the CPAs, or, if the voluntary withdrawal or rejection by the TWSE occurs in the latter half of the fiscal year, the financial report for that fiscal year that has been passed by the board of directors, audited and attested by the CPAs, and recognized by the audit committee.
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