Want Want China Holdings has entered into a depositary receipt programme to transfer up to 250m ordinary shares to a Taiwan depositary.

Wan Want China shareholder Hot-Kid Holdings applied to the Taiwan Stock Exchange to offer the receipts and subsequently transferred them to Norwares Overseas to facilitate the issuance.

The transfer will be made after the grant of approvals from the regulatory authorities in Taiwan.

Want Want China Holdings and Norwares will have due regard to prevailing market conditions when deciding whether and at what time to undertake the listing, the company said in a statement.