DVB (Holdings) may be renamed for the second time in a year after an industry organisation claimed it had rights to the existing name. The organisation had sent a letter to the company protesting its use of the term DVB, which stands for digital video-broadcasting, chairman Johnson Ko Chun-shun said. As a result, the company was considering changing its name. 'They said DVB is an international standard. But I think their letter was of a friendly nature,' Mr Ko said. DVB was formerly known as Capetronic International Holdings. Mr Ko, after an extraordinary shareholders' meeting yesterday, said DVB intended to continue disposing of its holding in loss-making computer monitor manufacturer Capetronic International (Thailand). DVB has a 17.6 per cent stake after selling a 15.9 per cent holding in the past three months for $43.7 million. Shareholders yesterday voted in favour of a resolution giving management a mandate to enlarge the company's share capital by up to 20 per cent. Mr Ko said the company had no plan to raise capital by issuing new shares. The company last June said it planned to launch video-on-demand services and Internet news content to mainland audiences through co-operation with cable television companies. Mr Ko said the service was still at the testing stage and might take another two to three months to launch. MEETINGS
