Dukang Distillers Holdings Ltd., a China-based maker of distilled liquors, is planning to raise funds in Taiwan through a listing of Taiwan depositary receipts (TDRs) on the local main board, the Taiwan Stock Exchange (TWSE) said Tuesday. Dukang, a producer of traditional Chinese 'baijiu' -- a distilled liquor made from fermented grains -- has filed an application with the TWSE for the TDR listing, the exchange said. According to a prospectus filed with the Taiwan stock exchange, Dukang plans to issue 130 million TDRs, each of which will be the equivalent of one of the company's common shares. It hopes to raise NT$2.21 billion (US$74 million). Dukang has been listed in Singapore since September 2008, when it became China's first baijiu distiller to go public overseas. In a statement, Dukang said the TDR listing was being undertaken to improve the company's liquidity and broaden the base of its shareholders. The listing will 'also increase public awareness of the Group and will promote the Group's brand and corporate image in Taiwan. This will be beneficial to the Group's business development in Taiwan in the future,' it added. Dukang will use the funds raised from the listing to expand production capacity, repay bank debt and set up a representative office in Taiwan, it said. The company, which renamed itself Dukang Distillers from Trump Dragon Distillers Holdings after an acquisition of Luoyang Dukang Holdings Ltd. in May 2010, owns two major brands -- Dukang and Siwu. It produces 39,700 tons of the 'Siwu' brand liquor and 90,000 tons of the 'Dukang' brand liquor every year. Dukang said it has appointed Polaris Securities as a financial adviser for the TDR listing. 