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China Taisan set for second flotation
Tuesday, 28 September 2010

Fujian - Knitted fabric maker China Taisan is hoping to raise up to S$65.6 million (US$50 million) from a secondary flotation, this time on the Taiwan stock exchange as barriers between the island and the mainland continue to soften.

The firm, which makes a range of knitted performance fabrics for sportswear makers such as Nike, Umbro and Adidas is offering shares at around S$0.24 each and says it will use the funds for working capital and further growth through the purchase of new equipment.