DaChan, a subsidiary of Great Wall Enterprise (Taiwan) Co., plans to kick off a marketing roadshow in the middle of September, with shares expected to begin trading in early October, sources said.

A handful of Hong Kong listing candidates with exchange approvals in hand have held off launching their marketing road shows amid the global markets turmoil of the past several weeks, although a roaring performance by Hong Kong shares in recent sessions may rekindle appetite for new listings.

The Taiwan-based company, which makes animal nutrition products and processes and sells chickens, has appointed Cazenove Asia Ltd. as sponsor of the deal.

Another Hong Kong-listed meat processor, Chinese pork producer Yurun Food , trades at 18.3 times its 2007 prospective earnings.

An increasing number of Taiwan companies has chosen to list their mainland Chinese subsidiaries in Hong Kong to get around Taiwan’s prohibition on local companies putting more than 40 percent of their capital into mainland China.

Other Hong Kong-listed units of Taiwan firms include cellphone maker Foxconn International, spun off by Hon Hai Precision Industry, and shoemaker Yue Yuen, which was spun off by Pou Chen Corp.

Taiwan-based shoe maker Stella International , which raised US$388 million last month in Hong Kong, has seen its shares rise about 3 percent above their IPO offering price.

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