Computer-monitor maker Capetronic International is to change its name to DVB (Holdings) and will propose to shareholders that its directors be given the right to sell up to 20 per cent of its shares.
Capetronic yesterday also unveiled two joint ventures on the mainland, reflecting its plans to become a major data and digital transmissions player there.
United States technology company Dii Group (DII) said it would invest US$15 million to form a joint venture to provide digital data transmission services.
Capetronic has also set up a joint venture with China Audio and Video Publishing House, a subsidiary of the Ministry of Culture, to provide video-on-demand services.
Capetronic executive director Bruno Wu Zheng said DII would provide hardware and Capetronic software support. The ministry would provide the video content.
Mr Wu said video-on-demand could help combat video piracy by offering movies at half the price of pirated video discs.
