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Article 24
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As used in Article 27-2, subparagraph 1, or Article 28-8, subparagraph 1, of the Rules, "circumstance having a serious impact on the company's financial or business condition, or sufficient to cause its dissolution or changes to its organization or capital" means that any of the following circumstances applies to an applicant company or to a company controlled by a foreign issuer that is applying for a primary listing:
- Involvement in litigation or non-litigious matters sufficient to cause dissolution or to alter its organization, capital, business plan, or financial condition, or to cause suspension of production.
- Involvement in a major disaster, the signing of a major agreement, the occurrence of a special circumstances, the alteration of important aspects of its business plan, or the dishonoring of a check, where sufficient to cause a material change in the financial condition of the company.
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