Regulations Governing Public Tender Offers for Securities of Public Companies Article 9
Before the commencement date of the public tender offer, the Offeror, unless buying back its own shares under Article 28-2 of the Act, shall file a report with the FSC, including the Public Tender Offer Report Form and the following documents, in accordance with Article 7:1. Public tender offer prospectus.2. The mandate contract entered into between the Offeror and the mandated institution pursuant to Article 15 of these Regulations.3. The power of attorney to the Offeror's designated representative for litigious and non-litigious matters if the Offeror does not maintain any domicile or business place in the Republic of China (ROC).4. An appraisal opinion by an independent expert of the reasonableness of the cash price calculation or share exchange ratio of the public tender offer consideration.5. If the public tender offeror is a company, the minutes of the shareholders meeting or directors meeting at which it was resolved to initiate the tender offer or to offer and issue stocks or corporate bonds as the consideration.6. Other documentation required by the FSC.The Public Tender Offer Report Form and accompanying documents must be reviewed by a lawyer and the lawyer shall issue a legal opinion. If the public tender offer requires approval by or effective registration with the FSC or any other competent government authority, a lawyer's opinion shall concurrently be issued thereto.The Offeror shall provide proof that it has the ability to perform payment of the tender offer consideration and a written undertaking that it bears the obligation to perform.If the tender offer consideration is to be cash, the proof under the preceding paragraph shall include one of the items in the following subparagraphs:1. A performance guarantee issued by a financial institution that designates the mandated institution as the beneficiary, and that authorizes the mandated institution to demand in its sole discretion the exercise of the performance guarantee and instruct the allocation of funds for the purpose of payment of the consideration.2. Written confirmation that the Offeror has the ability to perform payment of the tender offer consideration, issued by a financial adviser with the qualification of a securities underwriter or by a CPA that conducts the business of auditing and attesting the financial reports of public companies, after such CPA or adviser has gained a full understanding of the Offeror and taken reasonable steps to evaluate the Offeror's sources of funds.If domestic securities that are listed on a stock exchange or traded on an OTC market are used as consideration for the public tender offer, the proof under paragraph 3 shall include the items in each of the following subparagraphs:1. Written confirmation issued by the mandated institution that the securities to be used as consideration for the public tender offer have already been transferred to the book-entry depository account opened by the Offeror at the mandated institution.2. Written confirmation that, before the expiration of the public tender offer period, the securities to be used as consideration may not be transferred to any other person or transferred out of the account.If the public tender offer is a public company that is using stocks or corporate bonds offered and issued by it as consideration for the public tender offer, the proof to be submitted under paragraph 3 shall be as set out in paragraph 4 or the preceding paragraph.The financial adviser or CPA under subparagraph 2 of paragraph 4 may not have any interest relationship with the Offeror or with the public company whose securities are being acquired that could affect the adviser or CPA's independence.On the reporting date of the public tender offer, the Offeror shall simultaneously serve a copy of the Public Tender Offer Report Form, the public tender offer prospectus, and relevant documents referred to in Paragraph 1 to the public company whose securities are being acquired.Before the date the public tender offer begins, the Offeror shall publicly announce the Public Tender Report Form, the particulars in Paragraphs 2 and 3 and the public tender offer prospectus.If the FSC, pursuant to Article 43-5, paragraph 2 of the Act, orders the Offeror to amend any reported content of a public tender offer, the public tender offer period shall be calculated anew from the date the Offeror makes the new report and public announcement.
中文原文 公開收購公開發行公司有價證券管理辦法第9條
公開收購人除依本法第二十八條之二規定買回其股份者外，應依第七條規定，於公開收購開始日前檢具公開收購申報書及下列書件向本會申報：
一、公開收購說明書。
二、公開收購人依第十五條規定與受委任機構簽定之委任契約書。
三、公開收購人在中華民國境內無住所或營業處所者，指定訴訟及非訟事件代理人之授權書。
四、獨立專家對於本次公開收購對價現金價格計算或換股比例之評價合理性意見書。
五、公開收購人為公司者，辦理本次收購或募集發行之股票或公司債為收購對價之股東會或董事會議事錄。
六、其他本會規定之文件。
公開收購申報書件須經律師審核並出具律師法律意見書。
公開收購如須經本會或其他主管機關核准或申報生效者，應併同出具法律意見。
公開收購人應提出具有履行支付收購對價能力之證明及負履行義務之承諾書。
以現金為收購對價者，前項證明包括下列各款之一：
一、由金融機構出具，指定受委任機構為受益人之履約保證，且授權受委任機構為支付本次收購對價得逕行請求行使並指示撥款。
二、由具證券承銷商資格之財務顧問或辦理公開發行公司財務報告查核簽證業務之會計師，經充分知悉公開收購人，並採行合理程序評估資金來源後，所出具公開收購人具有履行支付收購對價能力之確認書。
以已在證券交易所上市或於證券商營業處所買賣之國內有價證券為收購對價者，第三項證明包括下列各款：
一、由受委任機構出具，作為收購對價之有價證券已撥入公開收購人開立於受委任機構保管劃撥帳戶之確認書。
二、公開收購期間屆滿前，不得轉讓或轉撥作為收購對價有價證券之承諾書。
公開收購人為公開發行公司，以其募集發行之股票或公司債為收購對價者，第三項之證明應依第四項或前項規定提出。
第四項第二款之財務顧問或會計師不得與公開收購人或被收購有價證券之公開發行公司有利害關係而足以影響獨立性。
公開收購人應將第一項公開收購申報書副本、公開收購說明書及相關書件，於公開收購申報日同時送達被收購有價證券之公開發行公司。
公開收購人應於公開收購開始日前公告公開收購申報書、第二項與第三項之事項及公開收購說明書。
公開收購經本會依本法第四十三條之五第二項規定命令變更申報事項者，公開收購期間自公開收購人重行申報及公告之日起，重行起算。
一、公開收購說明書。
二、公開收購人依第十五條規定與受委任機構簽定之委任契約書。
三、公開收購人在中華民國境內無住所或營業處所者，指定訴訟及非訟事件代理人之授權書。
四、獨立專家對於本次公開收購對價現金價格計算或換股比例之評價合理性意見書。
五、公開收購人為公司者，辦理本次收購或募集發行之股票或公司債為收購對價之股東會或董事會議事錄。
六、其他本會規定之文件。
公開收購申報書件須經律師審核並出具律師法律意見書。
公開收購如須經本會或其他主管機關核准或申報生效者，應併同出具法律意見。
公開收購人應提出具有履行支付收購對價能力之證明及負履行義務之承諾書。
以現金為收購對價者，前項證明包括下列各款之一：
一、由金融機構出具，指定受委任機構為受益人之履約保證，且授權受委任機構為支付本次收購對價得逕行請求行使並指示撥款。
二、由具證券承銷商資格之財務顧問或辦理公開發行公司財務報告查核簽證業務之會計師，經充分知悉公開收購人，並採行合理程序評估資金來源後，所出具公開收購人具有履行支付收購對價能力之確認書。
以已在證券交易所上市或於證券商營業處所買賣之國內有價證券為收購對價者，第三項證明包括下列各款：
一、由受委任機構出具，作為收購對價之有價證券已撥入公開收購人開立於受委任機構保管劃撥帳戶之確認書。
二、公開收購期間屆滿前，不得轉讓或轉撥作為收購對價有價證券之承諾書。
公開收購人為公開發行公司，以其募集發行之股票或公司債為收購對價者，第三項之證明應依第四項或前項規定提出。
第四項第二款之財務顧問或會計師不得與公開收購人或被收購有價證券之公開發行公司有利害關係而足以影響獨立性。
公開收購人應將第一項公開收購申報書副本、公開收購說明書及相關書件，於公開收購申報日同時送達被收購有價證券之公開發行公司。
公開收購人應於公開收購開始日前公告公開收購申報書、第二項與第三項之事項及公開收購說明書。
公開收購經本會依本法第四十三條之五第二項規定命令變更申報事項者，公開收購期間自公開收購人重行申報及公告之日起，重行起算。