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Article NO. Content

Title:

Operating Rules of the Taiwan Stock Exchange Corporation  CH

Amended Date: 2024.01.12 (Articles 48-4, 50, 50-3, 50-9, 53-10, 53-19, 53-21, 53-22, 53-30 amended,English version coming soon)
Current English version amended on 2022.04.28 
Categories: Basic Laws and Regulations
53-7     Where a TWSE listed company or TWSE primary listed company will become a non-surviving company upon a merger with another company that is not listed on the TWSE (nor listed on the Taipei Exchange), the TWSE listed company or TWSE primary listed company shall submit an application, with relevant documentation, to the TWSE no later than 30 business days before the record date of the merger. After the TWSE has reviewed the application for compliance with regulations, trading of the company's securities shall be suspended beginning 2 business days prior to (and non-inclusive of) the book closure date, and its securities shall be delisted from the record date of the merger.
    Upon a merger of a TWSE listed company or TWSE primary listed company with another company in accordance with the Business Mergers And Acquisitions Act or laws and regulations of the country of registration with new shares issued or cash paid by the parent company of such other company as consideration for the assignment of shares by the TWSE listed company or TWSE primary listed company, if the TWSE listed company or TWSE primary listed company becomes a wholly owned subsidiary of the parent company of the other company as a result, the listed company shall submit an application, with relevant documentation, to the TWSE no later than 30 business days before the record date of the merger. After the TWSE has reviewed the application for compliance with regulations, trading of the company's securities shall be suspended beginning 2 business days prior to (and non-inclusive of) the book closure date, and its securities shall be delisted from the record date of the merger.