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Amendments

Title：

Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings  CH

Amended Date： 2024.08.09 (Articles 17, 29 amended,English version coming soon)
Current English version amended on 2023.09.05 
Categories： Primary Market > Review
Article Content Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese

Title： Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings(2008.07.01)
Date：
Article 17-2 The phrase "transfers of equity conducted… for purposes of reducing its shareholding ratio in the company applying for listing" as used in Article 9, paragraph 1, subparagraph 11 of the Rules means the transfer of equity interests by an exchange (or OTC) listed company for the purpose of reducing its shareholding ratio in the transferee company of a demerger, which includes the sale of equity interests and the waiver of pre-emptive rights to new shares in a cash capital increase in favor of subscription by other specific persons.
The phrase "have damaged shareholders' equity", as used in the same subparagraph, means a transfer of equity interests as referred to in the preceding paragraph that clearly involves an unreasonable circumstance with respect to the assignee or the trading price of the sale, the issue price of a cash capital increase through a new share issue, or the waiver of pre-emptive rights to new shares in a cash capital increase in favor of subscription by other specific persons, thereby profiting specific persons and creating the likelihood of damage to the rights and interests of the shareholders of the exchange (or OTC) listed company.