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37
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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trading at the market within three months after the date of the notice sent by the TWSE, its listing contract shall be withdrawn with the competent authority being notified of the withdrawal.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 a request for extension with legitimate reason is approved by the TWSE, a three-month extension may be allowed and only one extension may be granted, with the competent authority being notified of the extension.
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