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Article NO. Content

Title:

Regulations Governing Public Tender Offers for Securities of Public Companies  CH

Amended Date: 2016.11.18 
Article 23     If the shares number to be sold has exceeded the projected shares number to be acquired, the Offeror shall purchase the shares pro rata from all the Tenderers, and shall return those shares which have been deposited but the transaction of which not yet consummated to the original Tenderers.
    For listed or OTC company securities, the Offeror shall distribute the stocks according to the proportion of the amounts reported by the individual sellers up to a limit of one thousand stocks. If there are stocks left over, the Offeror shall buy the stocks in the random order prescribed by the circumstances.