Proactive Technology Holdings, a computer-telephone company, has formed a joint venture with Taiwan technology conglomerate Pacific Group to expand its business activities on the island.
Proactive, which is listed on the Growth Enterprise Market, plans to invest NT$6 million (about HK$1.42 million) in the venture for a 60 per cent stake.
The venture - Proactive Technology (Taiwan) - will include the company's existing operations in the country.
The remaining 40 per cent of the venture will be held by Pacific Electronic Technology, an investment arm of Taipei-listed Pacific Electric Wire & Cable, and two of its executives, Chris Lee and Richard Zi.
Yesterday, Proactive said its losses narrowed to HK$2.75 million in the three months to March 31 from HK$7.44 million a year earlier.
While Taiwan contributed about 11 per cent of its revenue last year, Hong Kong remains Proactive's biggest market, contributing more than 80 per cent to this year's first quarter.