Financial Holding Company Act Article 30

Where a financial holding company issues new shares for the business of its subsidiary, the employees of such subsidiary may subscribe the shares of the financial holding company, in which case Paragraphs 1, 2, 4, 5 and 6 of Article 267 of the Company Act shall apply mutatis mutandis.Where a financial holding company holds all outstanding shares or capital stock of a subsidiary, such subsidiary is not subject to the restrictions set out in Paragraph 1, Article 267 of the Company Act when it issues new shares.