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An issuing company applying for the listing of its stock shall, after its Agreement for Listing has taken effect, offer its stock to the public in accordance with the provisions of the preceding article. In case the stock applied for listing have not been listed within 3 months after the date of the aforesaid notice given by the TWSE, the TWSE shall after cancel the said Agreement for Listing, and report to the Competent Authority for recordation. If an application for extension is filed by the issuing company with adequate cause, an application may be made for extending the said deadline for 3 months, provided that such extension shall be limited to one only. Notwithstanding, an application for a further extension may be made in the event of an impact caused by legal restrictions of the countries where said company has its main operation activities or of the jurisdictions in which its major subsidiaries are registered, or by major political and economic environment factors approved by the Competent Authority. The date of listing of the above company’s stock may not fall beyond the date the Agreement for Listing takes effect by one year or more, and a report shall be made to the Competent Authority for Recordation.
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