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Public Tender Offer

In February 2002, TDCC offered book-entry service for the public tender offer of securities.

Q&A

Public Tender Offer show or hide details

  • 1.

    How do investors deposit their central depository stocks for public tender offer?

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    (1)During the public tender offer period, investors can present their securities passbooks and seals identical to the one on their specimen cards and apply to their securities firms or custodian banks to transfer their stocks tendered into the mandated institution's segregated account for public tender offer. However, starting from August 1, 2017, the official letter issued by the competent authority stipulates that public tender offer shall adopt the "one-person-one-TDCC-account for number of shares tendered" principle. Controls are imposed when the securities firms or custodian banks enter the tenderer's application data into the TDCC's online computer system.

    (2)Securities firms can now accept investor deposits for public tender offer electronically. However, you shall contact your securities firms to find out whether this function is available at their firms.

  • 2.

    Does the "one-person-one-TDCC-account for number of shares tendered" principle allows for only one deposit per account?

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    Tenderers using the same account for deposits are not limited by the number of deposits.

Regulations Announcement
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