Mainboard-listed China Taisan Technology Group Holdings, one of the leading producers of knitted performance fabrics in China, issays it has fixed the issue price of its Taiwan Depository Receipt (TDR) at NT$12.15 ($0.511) per TDR, or equivalent to $0.255 for each mother share in Singapore.

This represents a 10.05% premium over the weighted average price of its mother shares from 23 September 2010 to 28 September 2010 of S$0.232.

The 125 million TDRs will be made up of 250 million ordinary shares, an aggregate of 125 million new ordinary shares to be issued by the company and 125 million vendor shares from the company’s non-executive Chairman Choi Cheung Kong.

The TDRs will commence trading on 6 October 2010.

Gross proceeds of NTD759.4 million ($31.9 million) raised from the TDR issue will support the company’s capacity expansion strategy. Recently, it is acquiring a piece of land, which is located nearby to the Company’s existing facility in Jinjiang City with a land area of 166,700 sqm.