Conglomerate Wheelock plans to continue to look for technology and Internet investment opportunities as it finalises plans to spin-off its cable television and Internet arm. Chairman Gonzaga Li Wei-jen said development of high technology was important in the SAR and the group would focus its efforts in that area. Wheelock's 48 per cent-held associate Wharf (Holdings) last month confirmed long-held speculation of a planned spin-off of its cable television and Internet assets - to be called i-Cable Communications - in a dual-listing on the Nasdaq and Hong Kong exchanges. Reports say the company is gearing up for a November listing and hopes to raise about US$500 million through the public offering. Mr Li declined to comment on the plans, saying the company had nothing to add to a brief statement released mid-last month confirming the planned spin-off. 'The spin-off is very important because it will raise a lot of capital for us,' he said. Mr Li added that while Wheelock had no immediate plans for new technology investments, it was evaluating a number of proposals.