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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules Governing Review of Securities Listings  CH

Amended Date: 2021.01.29 (Articles 12-1, 28-13 amended,English version coming soon)
Current English version amended on 2020.03.30 
Categories: Primary Market > Review
Article 8     Where an issuing company merely applies with the TWSE for listing its common stock or any type(s) of preferred shares, the amount of paid-in capital required under Article 4, 5, 6, 6-1, 16 or 20-2 hereof shall be calculated on the basis of the total issue amount of all shares to be listed. In respect of the dispersion of share ownership, the number of registered shareholders and the ratio between the number of shares held by them and the total number of issued shares shall be computed and determined in accordance with the respective types of the stock to be listed.
    Where an issuing company applies for listing its common stock along with any type(s) of preferred shares, the total issue amount of the common stock to be listed shall at least meet the paid-in capital as required by Article 4, 5, 6, 6-1, 16 or 20-2, and that of any type of preferred shares to be listed shall be the total issue amount of NT$300 million or more respectively and 30 million or more shares of such type issue. Each type of the stock to be listed shall meet the criteria governing the dispersion of share ownership.
    With respect to the criteria governing the dispersion of share ownership for the listing of any type(s) of preferred shares under the preceding two paragraphs, the requirement of 500 or more registered shareholders shall be met, and the combined total number of shares held by all the registered shareholders, excluding company insiders and any juristic persons in which such insiders hold more than 50 percent of the shares, shall account for 20 percent or more of the total issued shares of each type of preferred stock or be at least 10 million shares.
    The total issue amount of to be listed as prescribed in the first and second paragraphs shall be as follows: the product of the par value multiplied by the number of shares issued of the same type of stock if the issuing company issues par-value stocks; the product of the price of the same issue multiplied by the number of shares issued of the same type of stock if the issuing company issues non-par-value stocks; and sum of all products if stocks are issued in installments.