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If a listed company falls within the situations referred to in the preceding Article, it shall report to the TWSE for recordation with the Public Tender Offer Plan, Undertaking and other supporting documents submitted within 10 days after the securities of the TWSE listed (or GTSM listed) company are delisted.
The following matters, unless otherwise regulated, shall be included in the Public Tender Offer Plan referenced in the preceding Paragraph:
- Proposed public tender offer period.
- Proposed number of outstanding shares to be acquired through the public tender offer and the percentage of the acquired shares in that subsidiary.
- Public tender offer price and calculation method.
- Method of the receipt and payment of funds or securities.
- Name and address of the unit or institution that is in charge of the receipt and payment of funds or securities.
- Methods of handling public tender offer requests made after the expiration of the public tender offer period.
- Others.
The proposed public tender offer period referred to in the preceding Paragraph shall commence within one month after the securities of the TWSE listed (or GTSM listed) subsidiary are delisted be 50 days, and the securities shall all be delivered in the settlement procedure after the expiration of the public tender offer period. The public tender offer price shall not be lower than either the simple arithmetic mean of the closing securities price three months prior to the date on which the securities of the TWSE listed (or GTSM listed) subsidiary are delisted, or the book value per share of the securities of the TWSE listed (or GTSM listed) subsidiary as stated in its CPA audited or reviewed financial report for the most recent period.
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