Under the new Company MA Law, which still needs ratification by the president in two weeks, companies will be able to use a compulsory share exchange during a transaction. Previously the buyer had to negotiate with each shareholder of the company.
The company can also now approach the management of a target company and request a shareholders' meeting at which time a two-thirds majority would force the minority shareholders to sell. And the law will encourage greater participation by foreign companies since they will be on an equal legal footing with Taiwanese companies.
In addition, MA will be exempt from the securities trading tax, business income tax and stamp tax, as long as...
