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Relevant Laws

Title:Regulations Governing Public Tender Offers for Real Estate Investment Trust Beneficiary Securities (2017.08.11)
Article 7     A public tender offer for real estate investment trust beneficiary securities may be made only after a filing is made with the FSC and the offer is publicly announced.
    When a competing public tender offer is made for the same real estate investment trust beneficiary securities, the filing with the FSC and public announcement of the competing tender offer shall be made at least 5 business days prior to the expiry date of the original public tender offer period.