Digital China Holdings Ltd., a Chinese integrated IT service provider, is expected to list its Taiwan depository receipts (TDRs) by the end of the fourth quarter of this year, underwriter KGI Securities said Tuesday. The securities firm said the Chinese company has filed an application with the Taiwan Stock Exchange for the TDR listing to raise funds as working capital. Digital China, the largest IT integrated service provider in the greater China area, which has been listed in Hong Kong since June 2001, is planning to issue up to 260 million TDRs, each one of which will represent 0.5 common shares of the company, the underwriter said. It added that Digital China has tentatively set the issue price at NT$29.4 (US$0.94) to raise no more than NT$7.64 billion to build a technology development park and a distribution center and repay its debts. Digital China operates regional centers in 19 major cities in China, with a network of more than 10,000 agents in China and strategic partnerships with over 100 leading IT vendors worldwide. Currently, Digital China is the largest software service provider to the Chinese government, the second-largest provider to the Chinese financial sector and the fourth-largest provider to the Chinese telecom business. In 2009, the company posted net profits of about HK$824 million (NT$3.32 billion), up 28.57 percent from a year earlier. 