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Amendments

Title:

Regulations Governing the Offering and Issuance of Overseas Securities by Issuers  CH

Amended Date: 2021.03.29 

Title: Criteria Governing the Offering and Issuance of Overseas Securities by Issuers(2001.12.26)
Date:
Article 5  An issuer may not apply for offering and issuance of overseas securities upon the existence of any of the following events:
 
 1. Where there is a violation of Paragraph 2 of Article 247 of the Company Law or Article 249 of the Company Law, an issuer may not issue unsecured overseas corporate bonds; provided, however, that issuers who are in conformance with Article 28-4 of the Law shall not be subject to the restriction of Article 247 of the Company Law.
 
 2. Where there is any violation of Paragraph 1 of Article 247 of the Company Law or Article 250 of the Company Law, an issuer may not issue overseas corporate bonds; provided, however, that issuers who are in conformance with Article 28-4 of the Law shall not be subject to the restriction of Article 247 of the Company Law.
 
 3. Where there is any violation of Article 269, Article 270, or Paragraph 2 of Article 278 of the Company Law, an issuer may not issue new shares for overseas depositary receipts or overseas stocks; provided, however, that conversion by overseas corporate bonds holders into overseas depositary receipts or stocks is permitted.