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28-11
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A foreign issuer applying for TWSE primary listing of its stock shall, after the listing contract has taken effect, proceed to conduct the public sale pursuant to the preceding Article. If the stock for which the foreign issuer applied for listing has not been listed for trading within 3 months from the date on which the issuer was notified in writing, the TWSE shall void the listing contract, and report to the Competent Authority for approval. If the foreign issuer has a legitimate reason, it may apply for a 3-month extension, one time 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.
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