Wed, Jun 09, 2010 - Page 12 News List

TPV will spin off brand business, list new unit in HK

By Jason Tan  /  STAFF REPORTER

Hong Kong-listed TPV Technology Ltd (冠捷), the world’s largest contract monitor maker, is planning to spin off its brand business and list the business unit on the Hong Kong bourse in the second half of next year, following in the footsteps of several of its tech peers.

Acer Inc (宏碁) spun off its manufacturing arm into Wistron Corp (緯創資通) in 2001, while Asustek Computer Inc (華碩電腦) spun off its manufacturing division into two units in 2008 — Pegatron Technology Corp (和碩聯合) and Unihan Corp (永碩聯合) — to avoid conflicts between own brand and contract manufacturing businesses.

“The group [TPV] has plans to spin off the ‘AOC’ brand business and go public in Hong Kong, where it is listed,” a company source told the Taipei Times yesterday.

TPV makes monitors for clients on a contract basis and has a separate operation selling products under its “AOC” brandname.

The timing for the spin-off is natural as the brand business gains steam, the source said.

TPV sold 10 million brand monitors last year worldwide, putting it in the top six, along with Samsung Electronics Co, LG Electronics Inc, Acer Inc (宏碁), Hewlett-Packard Co and Dell Inc, he said. The firm aims to sell 15 million brand monitors this year by expanding into new markets.

TPV, found by Taiwanese Jason Hsuan (宣建生), debuted brand monitors in the US, China and Europe between 1988 and 1997, and moved into New Zealand and Australia between 1999 and 2001. It started to sell brand monitors in India in 2005 and Mexico in 2006, company data shows.

“Taiwan, Japan and South Korea are three key Asian tech markets and we began selling our products there at the beginning this year. This completes our Asia-Pacific market jigsaw,” the source said.

TPV said in March it would join with AU Optronics Corp (友達光電) to invest US$40 million in an LCD module and TV set assembly joint venture in Poland.

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