The impending merger of the Provisional Hong Kong Science Park, Hong Kong Industrial Estates and the Hong Kong Industrial Technology Centre will help promote the SAR as a regional technology industry base, according to their common chief executive Peter Lo Yat-fai. He said the three entities, although all aiming to foster technology industry growth in Hong Kong, have separate administration and vision. Hong Kong Industrial Estates provides land at cost to companies that would help upgrade the technology level of local industry. The industrial technology centre nurtures technology start-ups, while the science park promotes technology research and development activities. However, with the impending merger, he said they can work more closely and efficiently, providing 'one-stop service' to potential investors in Hong Kong. Restructuring work has already started, he added. 'Right now if there is a delegation from the science park going to Silicon Valley, they are promoting only the science park. But in the future we can promote them all in one trip,' he said. Mr Lo was speaking after the signing ceremony of a tenancy agreement between the science park and integrated circuit designer Solomon Systech - a spin-off from the Hong Kong operation of United States semiconductor giant Motorola. The Hong Kong Industrial Estates chief executive was appointed as chief executive of the science park and industrial technology centre on June 1 after the resignations of industrial technology centre chief executive James Liu and science park chief executive Chang Cheng-wen. Mr Liu is now chief executive of property group Sino Land's technology arm Sino Tech Group, while Mr Chang has recently joined Southeast Asia-based broadband networking infrastructure provider AcrossAsia MultiMedia as chief executive. The Industry Department is recruiting a chief executive for the merged entity to replace Mr Lo, who was appointed on an interim basis. Mr Lo declined to disclose whether he would apply for the position. The government is expected to legislate to form the merged entity by the end of this year. Solomon Systech was formed in June last year after Taiwan Solomon Group signed an agreement with Motorola to transfer some staff of the flat panel display operation of one of Motorola's Hong Kong units to the new entity. Solomon Systech exports integrated circuit products to manufacturers of mobile phones, personal digital assistants and pagers. President Humphrey Leung said the company's sales are expected to have increased from US$3 million to as much as US$70 million in the last three months of last year. Motorola accounts for more than half of sales. It has agreed to lease 32,300 square feet of space at the planned science park, which is scheduled to be completed by the end of next year. The science park's average monthly rent is HK$8 per square foot. Six companies have signed tenancy agreements at the park, which is processing 23 tenancy applications.