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Article 5
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If the total number of issued shares (units) of the security for which the reverse auction application is made under these Rules is 20 million or less, the quantity of shares to be purchased in the reverse auction may not be less than 20 percent of the total issued shares (units). the issued shares exceed 20 million, the quantity of the excess shares to be purchased may not be less than 10 percent. However, this restriction shall not apply to overseas Chinese, foreign nationals, or mainland area investors applying for purchase by reverse auction with special-case approval.
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