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Article 8
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With respect to securities auctioned pursuant to Article 7, paragraph 1, subparagraph 1 and subparagraph 3, if bids submitted by bidding securities firms are lower than the announced auction base price or the total transacted volume is less than the announced volume, the TWSE shall announce an alternative procedure along with the base price after consulting with the applicant securities firms.
When application is made for auction of securities in accordance with the proviso of Article 3, paragraph 1, the applicant securities firm may, after obtaining the consent of the auction principal, notify the TWSE to disclose, at any appropriate time after the bidding has been closed on the day of the auction, the total volume of bids above a specified price.
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