China Electronics Corp., a Chinese- government controlled investor in technology companies, will increase its holding in TPV Technology, a move that may prompt a takeover offer. Mitsui & Co. also plans to buy a stake.

 

Royal Philips Electronics NV, has agreed to sell a 9.5% stake in TPV to CEIEC (H.K.), a unit of China Electronics, the Dutch company said in an e-mailed statement today. TPV, the world’s biggest contract maker of computer monitors and which has a market capitalization of HK$10.3 billion ($1.87 billion), suspended its shares from trading in Hong Kong and Singapore today pending an announcement on a possible general offer, it said in a regulatory filing.