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Relevant Laws

Title:Regulations Governing Public Tender Offers for Securities of Public Companies (2016.11.18)
Article 18     The length of public tender offer period shall not be less than 20 days nor more than 50 days.
    If what is provided under Paragraph 2 of Article 7 occurs or for another legitimate reason, the original Offeror may report to the FSC and make a public announcement of an extension of the public tender offer period. However, the extension period(s) shall not exceed a total of 50 days.