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A listed company that holds 70 percent or more of the total issued shares or paid-in capital of a TWSE listed (or GTSM listed) subsidiary thereof shall undertake to unconditionally purchase the remaining outstanding shares of said TWSE listed (or GTSM listed) subsidiary in accordance with Article 50-1, Paragraph 5 of the Operating Rules of the TWSE.
If the abovementioned purchase satisfies the situation stipulated in Article 11, Paragraph 1 of the
"Regulations Governing Public Tender Offers for Securities of Public Companies" ("Public Tender Offer Regulations") of the competent authority, said purchase shall comply with the requirements set forth in the Public Tender Offer Regulations.
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