|
37
|
After its listing contract takes effect, a domestic issuer or foreign issuer applying for the listing of stocks at the TIB shall engage in public sale in accordance with the preceding article. If the stocks applied for listing are not offered for trading at the market within three months after the date of the notice sent by the TWSE, its listing contract shall be withdrawn with the competent authority being notified of the withdrawal. Where there is a legitimate reason, an application for a three-month extension may be made, and only one extension may be granted. 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.
|