TPV Technology, the Hong Kong-based manufacturer of computer monitors, says wholly-owned subsidiary Top Victory Investments has entered into an agreement with Inventec Investments Co. to establish a joint venture company.

TPV Technology says the JV company , dubbed TPV-Inventa Technology Co.,will be a limited liability company to be incorporated in Taiwan.

The total initial investment amount for the joint venture is NT$640 million ($27.4 million) of which Top Victory Investments will contribute 51% (NT$326.4 million) and Inventec Investments Co. will contribute 49% (NT$313.6 million).

Top Victory Investments and Inventec Investments Co. will subscribe for 51% and 49% of the shares of NT$10 each in the joint venture company respectively. The scope of the business of the joint venture company is to design, sell, manufacture and supply all-in-one PC products.