According to a report by China Times of Taiwan, Taiwanese TFT-LCD (Thin Film Transistor-Liquid Crystal Display) panel maker CMO announced on September 27 a strategic alliance with Hong Kong-listed PC monitor maker TPV. According to the memorandum of understanding signed by the two companies, CMO will buy approximately 7.7% stake in TPV for HK$811.2 million (US$104.4 million; US$1 = HK$7.8), and TPV will acquire CMO's LCD monitor production unit in return. The two companies expect to expand their collaboration based on this alliance, though further details were not yet disclosed.