| Title： |
Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings(2014.10.16) |
| Date： |
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Article 5
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The terms "parent" and "subsidiary" as used in the Rules are defined in accordance with International Financial Reporting Standard 10.
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Article 17-2
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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 a TWSE (or GTSM) 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 Article 9, paragraph 1, subparagraph 11 of the Rules, and the phrase "detrimental to the rights and interests of the shareholders of the parent" in Article 19, paragraph 2, and Article 28-6, paragraph 2 of the Rules, mean a transfer of equity interests 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 TWSE (or GTSM) listed company.
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