Regulations Governing Public Tender Offers for Real Estate Investment Trust Beneficiary Securities Article 20
The phrase "conditions of the public tender offer have been achieved"in these Regulations means that the minimum acquisition quantity set by the public tender offeror was reached by the expiry of the public tender offer period. If the public tender offer involves any matter requiring the approval of, or effective registration with, any other competent authority, that approval must have been obtained or the registration must have become effective.Within 2 days counting inclusively from the date on which any of the following occurs, the public tender offeror shall file with the FSC and make a public announcement of the fact, with a copy to its mandated institution:1. It has obtained approval or effective registration from another competent authority before the conditions of the public tender offer have been achieved.2. The conditions of the public tender offer have been achieved.3. The tender offer consideration has been transmitted to the segregated account for the public tender offer under the name of the mandated institution.4. After the conditions of the public tender offer have been achieved, the tendered quantity reaches the maximum quantity to be purchased.If, on the expiration day of the public tender offer period, the conditions of the public tender offer have not been achieved, or the quantity tendered exceeds the quantity to be purchased, for the real estate investment trust beneficial securities which have been deposited but not transacted, the public tender offeror shall, on the next business day following the expiration of the public tender offer period, return to the original tenderers the real estate investment trust beneficial securities deposited by them.After the conditions of the public tender offer have been achieved, if the public tender offeror does not complete the payment by the time for payment of the tender offer consideration prescribed in the public tender offer prospectus, the tenderer may, without issuing any notice of payment due, rescind the contract at its sole discretion. The mandated institution shall, on the following business day, return to the original tenderers the real estate investment trust beneficial securities deposited by them. However, if the time to return the real estate investment trust beneficial securities to the tenderer, as specified in the prospectus, is earlier than the time for payment of the tender offer consideration, the stipulations thereof shall govern.When a tenderer applies to cancel its tender, it shall do so in writing.After a public tender offeror has made the public announcement pursuant to paragraph 2, subparagraph 2, a tenderer may not cancel their tender, unless under any of the following circumstances:1. A circumstance under Article 7, paragraph 2.2. The public tender offeror, pursuant to paragraph 2 of the preceding article, makes a filing with the FSC and publicly announces an extension of the tender offer period.3. Other circumstances under which a tender may be canceled as provided by law.
中文原文 公開收購不動產投資信託受益證券管理辦法第20條
本辦法所稱公開收購條件成就，係指公開收購期間屆滿前達公開收購人所定之最低收購數量。
本次公開收購如涉及須經其他主管機關核准或申報生效之事項者，應取得核准或已生效。
公開收購人應就下列事項於事實發生之日起二日內，向本會申報並公告，並副知受委任機構：
一、本次公開收購條件成就前，其他主管機關已核准或申報生效。
二、本次公開收購條件成就。
三、本次收購對價已匯入受委任機構名下之公開收購專戶。
四、本次公開收購條件成就後，應賣數量達預定收購之最高數量。
公開收購期間屆滿日，公開收購條件未成就，或應賣數量超過預定收購數量，已交存但未成交之不動產投資信託受益證券，公開收購人應於公開收購期間屆滿次一營業日，將應賣人交存之不動產投資信託受益證券退還原應賣人。
公開收購條件成就後，公開收購人未於公開收購說明書記載之支付收購對價時間完成支付者，應賣人得不經催告，逕行解約，受委任機構並應於次一營業日，將應賣人交存之不動產投資信託受益證券退還原應賣人。
但公開收購說明書載明較支付收購對價時間提早退還原應賣人者，從其約定。
應賣人申請撤銷應賣時，應以書面為之。
公開收購人依第二項第二款規定公告後，除有下列情事之一外，應賣人不得撤銷其應賣：
一、有第七條第二項規定之情事者。
二、公開收購人依前條第二項規定向本會申報並公告延長收購期間者。
三、其他法律規定得撤銷應賣者。
本次公開收購如涉及須經其他主管機關核准或申報生效之事項者，應取得核准或已生效。
公開收購人應就下列事項於事實發生之日起二日內，向本會申報並公告，並副知受委任機構：
一、本次公開收購條件成就前，其他主管機關已核准或申報生效。
二、本次公開收購條件成就。
三、本次收購對價已匯入受委任機構名下之公開收購專戶。
四、本次公開收購條件成就後，應賣數量達預定收購之最高數量。
公開收購期間屆滿日，公開收購條件未成就，或應賣數量超過預定收購數量，已交存但未成交之不動產投資信託受益證券，公開收購人應於公開收購期間屆滿次一營業日，將應賣人交存之不動產投資信託受益證券退還原應賣人。
公開收購條件成就後，公開收購人未於公開收購說明書記載之支付收購對價時間完成支付者，應賣人得不經催告，逕行解約，受委任機構並應於次一營業日，將應賣人交存之不動產投資信託受益證券退還原應賣人。
但公開收購說明書載明較支付收購對價時間提早退還原應賣人者，從其約定。
應賣人申請撤銷應賣時，應以書面為之。
公開收購人依第二項第二款規定公告後，除有下列情事之一外，應賣人不得撤銷其應賣：
一、有第七條第二項規定之情事者。
二、公開收購人依前條第二項規定向本會申報並公告延長收購期間者。
三、其他法律規定得撤銷應賣者。