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友善列印
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Article NO. Content

Title:

Determination Standards for the Provisions of Article 50, Paragraph 1, Subparagraph 14, and Article 50-3, Paragraph 1, Subparagraph 11 of the Operating Rules of the Taiwan Stock Exchange Corporation  CH

Amended Date: 2021.03.31 (Articles 1, 2, 3 amended,English version coming soon)
Current English version amended on 2019.04.15 
Categories: Primary Market > Management > Auditing and Review
Article 2     The term "change in managerial control" referred to in Article 50, Paragraph 1, Subparagraph 14 and Article 50-3, Paragraph 1, Subparagraph 11 of the TWSE Rules means any of the following circumstances:
  1. Any person solely or collectively with others obtains more than 50% of the issued voting shares of a listed company, causing a transfer of control.
  2. Any person solely or collectively with others has control over a majority of the voting rights of the board of directors, causing the original management of a listed company to lose its control.
  3. Other special circumstances deemed by the TWSE as a change in managerial control.