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Article 65
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Where a company not listed on a stock exchange or an OTC market allocates shares through public subscription in an offering that involves cash capital increase, after subscription, payment of bid deposits, and lottery winner notification have been completed as prescribed by Article 53 paragraph 1, the underwriter shall either make placement with a specific party on Day Eight or underwrite on standby commitment basis on Day Nine, and after the securities have been produced by the issuer, the lead underwriter shall, together with the issuer, send the securities to the TDCC for deposit into the purchaser's central depository account, or may distribute the securities as prescribed mutatis mutandis in Article 75.
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