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Article NO. Content


Taiwan Stock Exchange Corporation Directions Governing the Particulars to be Recorded in the Securities Underwriter's Assessment Report  CH

Amended Date: 2020.03.02 (Articles 6, 9, 13-1 amended,English version coming soon)
Current English version amended on 2018.03.31 
Categories: Primary Market > Review
13-1     If the applicant for primary stock listing is an overseas subsidiary of a local TWSE/GTSM-listed company, the underwriter shall assess and describe the following in detail:
  1. assess the legality of the policy-making procedure of the local TWSE/GTSM-listed company, whether the listing of shares may have a major adverse impact on its operation and financial position, and the proposed action plans; and
  2. in case of shareholding dispersal by the local TWSE/GTSM-listed company for purposes of reducing the shareholding in the offshore subsidiary, whether the parties the shares are dispersed to and the method of price determination violate any applicable requirements or are apparently unreasonable to the extent the shareholders' equity of the local TWSE/GTSM-listed company may be compromised.