Taiwanese computer peripheral components maker Sky Hawk Computer Group Holdings is set to tap HK$50 million cash from investors via a mainboard listing. The company, which is engaged principally in low-margin 'bare-bones systems', is hoping to raise fresh capital to support its plan to shift to higher-margin computer peripheral products. Bare-bones systems include computer chassis, multimedia speakers, keyboards, mice and power supplies. Manufacturers have been under pressure to cut prices on these low-end products. Sky Hawk has earmarked about HK$10 million of the proceeds for research and development in a bid to upgrade its product line from low-margin conventional PC cases to high-margin aluminium alloy cases and networking products, according to a source. Adversely affected by the slowdown in the global PC market and the drop in computer peripheral products, Sky Hawk recorded a 28.9 per cent drop in net profit in 2000 to HK$23.8 million. A source close to the company said Sky Hawk aimed to increase its revenue contribution from sales of the new PC cases to more than 30 per cent, up from about 10 per cent. Sky Hawk, which sells most of its products to Europe and the United States, also plans to invest about HK$12 million to build up its sales and distribution network in China. Sky Hawk has production facilities in Shenzhen but is not licensed to sell to Chinese PC makers.