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6-1
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Where the issuing company applying for the listing of its stock is a private enterprise participating in major national public construction projects under encouragement of the government, where it has acquired the concession agreement for investment, construction, and operation approved by the Central Government, municipality under direct jurisdiction of the Executive Yuan, and the local autonomy organization(s) or the juristic person(s) with 50 percent or greater of its capital fund contributed by the Central Government, municipality under direct jurisdiction of Executive Yuan, or the local autonomy organization(s) and the certification issued by the said agency(ies), and where it meets the following requirements, the TWSE will agree to list its stock:
- The company is newly established for procurement of the concession agreement and its business items have been approved by the central authority in charge of the enterprise concerned.
- Its paid in capital is NT$5 billion or more at the time when it applies for listing.
- The total cost expected to be injected in the construction project at the time when the concession agreement is procured is NT$20 billion or more.
- The remaining term of the concession agreement is 20 years or more at the time when it applies for listing.
- Its directors, shareholders holding 5 percent or more of its total issued shares, or its shareholders or operators who make equity investment in the form of technical know-how and hold 0.5 percent or more of its total issued shares or 100,000 shares or more shall have the technical capability, financial means, and other necessary abilities as required for the completion of the concession agreement, and a certification issued by the agency approving the concession agreement has been obtained.
- The dispersion of share ownership meets the criteria set forth in subparagraph 4, Article 4 of these Rules.
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