On October 25, 2016, the Ministry of Economic Affairs (MOEA) issued a ruling stating that where a company’s board of directors (“BOD”) adopted a resolution approving the issuance of new shares, the BOD may convene a second meeting under the same procedure to change the resolution adopted in the first meeting.  If the result infringes upon the existing shareholders’ subscription rights or rights relating to the preparation period for the payment of the shares, the existing shareholders may seek recourse through legal proceedings.