china taisan: TDR price SGD0.255
China Taisan Technology Group Holdings says the issue price for each Taiwan Depository Receipt will be fixed at NT$12.15 (51 cents).
Each TDR represents two ordinary shares of the company.
The TDR issue price is at an approximately 10.05% premium to the weighted average price for trades done on the SGX during bookbuilding duration from Sept 23 to 28.
In line with Taiwanese regulatory requirements, China Taisan says the TDRs will be issued to the following parties in the following manner:
12,500,000 units of the TDRs shall be held by the underwriter, which constitutes 10% of the total underwritten units;
1,000 units of the TDRs will be placed with the Securities and Futures Investors Protection Centre (SFIPC), as required under Taiwanese regulations;
About 101,249,000 units of the TDRs shall be offered through the bookbuilding process;
About 11,250,000 units of the TDRs shall be offered for public subscription