Securities and Exchange Act Article 43-5
After a public tender offeror has initiated a public tender offer, it may not suspend the public tender offer unless any of the following circumstances occurs and the Competent Authority has granted approval:1. The public company whose securities are being purchased encounters any material change in its financial or business condition, and the offeror has presented evidence of the change.2. The offeror becomes bankrupt, dies, is declared by a court to be under guardianship or assistance, or is required by a court ruling to undergo reorganization.3. Other circumstances specified by the Competent Authority.If content reported or publicly announced by an offeror violates a law or regulation, the Competent Authority may, as necessary to protect the public interest, order the offeror to amend the particulars of the public tender offer report and carry out reporting and public announcement procedures anew.If the offeror fails to acquire the proposed quantity within the tender offer period or suspension of the public tender offer is approved by the Competent Authority, the offeror may not, within one year therefrom, carry out a public tender offer on the same company unless it has good cause and has obtained approval from the Competent Authority.If, after the public tender offer, the total number of issued shares of the acquired company held by the offeror and its related parties exceeds 50 percent of the total number of shares issued by the company, the offeror may, by a proposal in writing, with reasons stated therein, request the board of directors to convene a special meeting of shareholders; the restrictions set forth in Article 173, paragraph 1 of the Company Act shall not apply.
中文原文 證券交易法第43-5條
公開收購人進行公開收購後,除有下列情事之一,並經主管機關核准者外,不得停止公開收購之進行:
一、被收購有價證券之公開發行公司,發生財務、業務狀況之重大變化,經公開收購人提出證明者。
二、公開收購人破產、死亡、受監護或輔助宣告或經裁定重整者。
三、其他經主管機關所定之事項。
公開收購人所申報及公告之內容有違反法令規定之情事者,主管機關為保護公益之必要,得命令公開收購人變更公開收購申報事項,並重行申報及公告。
公開收購人未於收購期間完成預定收購數量或經主管機關核准停止公開收購之進行者,除有正當理由並經主管機關核准者外,公開收購人於一年內不得就同一被收購公司進行公開收購。
公開收購人與其關係人於公開收購後,所持有被收購公司已發行股份總數超過該公司已發行股份總數百分之五十者,得以書面記明提議事項及理由,請求董事會召集股東臨時會,不受公司法第一百七十三條第一項規定之限制。
一、被收購有價證券之公開發行公司,發生財務、業務狀況之重大變化,經公開收購人提出證明者。
二、公開收購人破產、死亡、受監護或輔助宣告或經裁定重整者。
三、其他經主管機關所定之事項。
公開收購人所申報及公告之內容有違反法令規定之情事者,主管機關為保護公益之必要,得命令公開收購人變更公開收購申報事項,並重行申報及公告。
公開收購人未於收購期間完成預定收購數量或經主管機關核准停止公開收購之進行者,除有正當理由並經主管機關核准者外,公開收購人於一年內不得就同一被收購公司進行公開收購。
公開收購人與其關係人於公開收購後,所持有被收購公司已發行股份總數超過該公司已發行股份總數百分之五十者,得以書面記明提議事項及理由,請求董事會召集股東臨時會,不受公司法第一百七十三條第一項規定之限制。