• TAI FSC, TAI Justice commissioned TAI EXC to handle the report and public announcement made by acquirers of substantial shareholdings of listed company or a company whose shares are neither listed nor traded at the business places of securities firms.
• Also commissioned TAI TPEX to handle the report and public announcement made by acquirers of substantial shareholdings of an OTC-listed company or an emerging stock company.
• Required in accordance with Regulations governing the declaration of acquisition of shares in accordance with article 43-1, para 1 of the Securities and exchange act.
• Document dated 10 April 2024, received from TAI FSC 11 April 2024, summarized on 15 April 2024.

Background

• According to article 43-1, para 1 of the act, any person who acquires substantial shareholdings of more than 5% of the total issued shares of a public company shall report make a public announcement.

Notice

• TAI EXC, TAI TPEX shall stipulate the relevant filing announcement specifications and declaration forms for the acquirers to handle according to regulations of EXC, TPEX.

Effectiveness

• The notices are effective from 10 May 2024.