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A trustee institution offering and issuing REIT or REAT beneficial securities shall, after having obtained approval from the competent authority, submit relevant information to the TWSE according to the deadlines listed below:
- Within three days after the competent authority's approval of the offering and issuance, submit a listing application and relevant attachments to the TWSE to apply for listing. If the TWSE finds upon review that the offering meets the listing requirements in each subparagraph of Article 23-2 of the Taiwan Stock Exchange Corporation Rules Governing Review of Securities Listings, the TWSE shall enter into a listing contract with the trustee and submit it to the competent authority for recordation, with notifications sent by letter to each securities firm and other relevant units advising them to conduct pre-listing preparations.
- Within three days after sale is completed, submit the Beneficial Owner Distribution Chart (Attachment) and set a date for listed trading, which shall be not less than three business days after the date of the mailing.
If the TWSE finds upon review that listing requirements are met, a public announcement will be made accordingly and a report filed by letter with the competent authority for recordation. If the case handler finds upon review that listing requirements are not met, the listing contract shall be voided and its voidance reported to the competent authority for recordation.
If the trustee conducts a follow-on offering of REIT, it shall, within the time limit as specified in paragraph 1, subparagraph 2, submit the listing application and relevant attachments to apply for listing with the TWSE. If the TWSE finds upon review that the listing requirements are met, a public announcement will be made accordingly and a report filed by letter with the competent authority for recordation.
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