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The TWSE shall periodically examine information which a listed company files each month on changes in the shareholding of its insiders in accordance with Article 3, Paragraph 1, Subparagraph 13 of the "Rules Governing Information Filing by Companies with TWSE Listed Securities, to ascertain if any events specified in Article 50-1, Paragraph 1, Subparagraph 15 of the Operating Rules of the TWSE have arisen.
If after examination it is revealed that 70 percent or more of the total issued shares or paid-in capital of a listed company is held by another TWSE listed (or GTSM listed) company, the first-mentioned listed company shall be delisted and reported to the competent authority for recordation in accordance with Article 50-1, Paragraph 1 of the Operating Rules of the TWSE, and also reported by letter to the GTSM if the parent company of said first-mentioned listed company is a GTSM listed company.
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