HONG KONG, Oct. 12 -- Kingboard Chemical Holdings Ltd. plans to seek a majority stake in Elec & Eltek International Holdings, Dow Jones reported today.

Kingboard, which makes PCBs and laminates, currently owns 27.7% of Elec & Eltek International Holdings. If it succeeds in gaining a majority share in the company, Kingboard will then offer to buy the firm's Singapore-listed Elec & Eltek International Co. Ltd.

Elec & Eltek currently provides boards to Intel and IBM.

Kingboard said the deal will enhance the economies of scale of its PCB as the two companies' business and customers are complementary, Dow Jones reported.