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53-25
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If a TWSE listed company conducting a demerger under Article 53-22 or Article 53-23 acquires new shares issued by the transferee company of the demerger, and within 1 year from the date on which the amendment registration in connection with the demerger is completed, the cumulative total of equity interest from cash capital increase that is sold or waived by the TWSE listed company reaches 20 percent or more of the equity interest acquired as a result of the demerger, such sale or waiver shall be approved by a shareholders meeting resolution.
The resolution referred in the preceding paragraph shall be reported to the Internet information reporting website designated by the TWSE within the time period prescribed by the TWSE. The report content shall disclose the counterparty and transaction price of the sales, or relevant information such as an explanation regarding the method for deciding on, and reasonableness of, the cash capital increase issue price and of any waiver of cash capital increase.
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