BUSINESS MERGERS AND ACQUISITIONS ACT Article 28
Upon complying with the following requirements, the acquisition of the entire or substantial portion of the business or assets from a parent company by a subsidiary company may be made as resolved by the Board of Directors of the parent company. Resolutions adopted by the shareholders' meeting of the transferor and transferee companies as provided in Articles 185(1) through 185(4) are not required and the requirements set forth in Articles 186 through Article 188 of the Company Act are exempted:1.The said subsidiary company is entirely held by the parent company;2.The subsidiary company shall issue new shares to the parent company in exchange for the business or assets of the latter.3.The said parent company and its subsidiary company have prepared the consolidated financial statements according to the Generally Accepted Accounting Principles.The preceding paragraph and Article 21 of this Act shall apply mutatis mutandis to any transfer by a parent company of its entire or substantial portion of business or assets to its 100% held subsidiary company incorporated offshore, or the transfer by a foreign company of its entire or substantial portion of business or assets to its 100% held subsidiary company incorporated within the territory of the Republic of China. Article 25 of this Act is applicable mutatis mutandis to the registration for transfer and alteration of rights and obligations pertaining to the assets of the transferor company acquired by the transferee company.In case the trading of shares on the stock exchange or OTC market is terminated because the listed or OTC company transferred its business or assets to another company, the resolution of the general meeting shall be adopted by two-thirds or more of the votes of the shareholders who represent the total number of issued shares of the listed or OTC company. Paragraphs 1 and 2 on the resolution of Board of Directors of the transferor company shall not apply. Article 18(6) of this Act shall apply mutatis mutandis to the procedure of the acquisition in this Article.
中文原文 企業併購法第28條
公司之子公司收購公司全部或主要部分之營業或財產，符合下列規定者，得經公司董事會決議行之，不適用公司法第一百八十五條第一項至第四項應經讓與公司與受讓公司股東會決議之規定及公司法第一百八十六條至第一百八十八條之規定：
一、該子公司為公司百分之百持有。
二、子公司以受讓之營業或財產作價發行新股予該公司。
三、該公司與子公司已依一般公認會計原則編製合併財務報表。
公司讓與全部或主要部分之營業或財產予其百分之百持股在中華民國境外設立之子公司者，或外國公司讓與全部或主要部分之營業予其百分之百持股在中華民國境內設立之子公司者，準用前項及第二十一條之規定。
受讓公司取得讓與公司之財產，其權利義務事項之移轉及變更登記，準用第二十五條規定。
屬上市（櫃）公司讓與營業或財產而致終止上市（櫃）者，應經該上市（櫃）公司已發行股份總數三分之二以上股東之同意行之，不適用第一項及第二項有關讓與公司董事會決議之規定。
第十八條第六項規定，於本條之收購程序準用之。
一、該子公司為公司百分之百持有。
二、子公司以受讓之營業或財產作價發行新股予該公司。
三、該公司與子公司已依一般公認會計原則編製合併財務報表。
公司讓與全部或主要部分之營業或財產予其百分之百持股在中華民國境外設立之子公司者，或外國公司讓與全部或主要部分之營業予其百分之百持股在中華民國境內設立之子公司者，準用前項及第二十一條之規定。
受讓公司取得讓與公司之財產，其權利義務事項之移轉及變更登記，準用第二十五條規定。
屬上市（櫃）公司讓與營業或財產而致終止上市（櫃）者，應經該上市（櫃）公司已發行股份總數三分之二以上股東之同意行之，不適用第一項及第二項有關讓與公司董事會決議之規定。
第十八條第六項規定，於本條之收購程序準用之。