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53-18
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When a TWSE listed company, or a TWSE listed company and another company, convert(s) its (their) shares into shares of another existing company that is not TWSE listed, if the pro forma post-share-conversion financial statement for the most recent year of the existing company that is not TWSE listed shows that more than 50 percent of its total operating revenue or operating income is derived from the TWSE listed company that participated in the share conversion, and the unlisted existing company meets all of the requirements in each subparagraph of Article 53-2, paragraph 1, a listing application with relevant documentation may be filed with the TWSE within 1 year after the record date of the share conversion. Before its securities are TWSE listed, the surviving unlisted company shall deposit its stock in central custody in accordance with Article 10 of the TWSE Rules Governing Review of Securities Listings.
If shares of any company that is neither TWSE listed nor Taipei Exchange listed are being converted together with a share conversion under the preceding paragraph, that unlisted company shall also comply with all of the requirements in each subparagraph of Article 53-2, paragraph 1.
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