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Article NO. Content

Title：

Taiwan Stock Exchange Corporation Standards for Determining Changes in Managerial Control and Material Changes in the Scope of Business of Listed Companies  CH

Amended Date： 2021.03.31 
Categories： Primary Market > Management > Auditing and Review
Article Content Content Search Article No. Search Amended Article Legislative History Chinese
Article 2     The term "change in managerial control" referred to in Article 50, Paragraph 1, Subparagraph 14, Article 50-3, Paragraph 1, Subparagraph 11, and Article 50-9, Paragraph 1, Subparagraph 12 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.

Relevant Laws：