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25 Sep 2012 12:09
25 September 2012
UniVision Engineering Limited
("UniVision" or the "Company")
Directors Holdings
UniVision (AIM; UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, announces that Stephen Koo, Chairman of UniVision, purchased 750,000 ordinary shares of HKD0.0625 each in the Company ("Ordinary Shares") on 24 September, 2012 at a price of 0.5 pence per Ordinary Share (the "Share Purchase").
Following the Share Purchase, Mr Koo now has a total beneficial interest in 277,703,700 Ordinary Shares in the Company, representing of 72.3% of the entire issued share capital of the Company. Mr Koo's shares are held as follows:
Number of Ordinary Shares | % of total issued share capital | |
UniVision Holdings Limited | 183,736,000 | 47.9 |
Up Sky Investments Limited | 78,744,000 | 20.5 |
Stephen Koo | 15,223,700 | 3.9 |
Total | 277,703,700 | 72.3 |
UniVision Holdings Limited is wholly owned by Up Sky Investments Limited, which is in turn wholly owned by Mr. Koo.
Commenting today, Stephen Koo, Chairman of UniVision said:
"I am very confident in the direction that Univision is going following our announcement of the transaction involving the Zhongshan Mall. We will now refocus the business on CCTV and related industries. Whilst there has been a delay in completing this transaction this is common in mainland China property deals.
Having already received a non-refundable deposit of HK$ 6.17m in relation to this transaction I believe it was appropriate to agree to the delay to enable the purchaser to conclude its own negotiations with other 3rd parties regarding the Mall"
For further information visit www.uvel.com or contact:
UniVision Engineering Limited | +852 2389 3256 |
Stephen Koo, Chairman | |
Chun Hung Wong, CEO | |
Nicholas Lyth, Non-Executive Director | +44 (0) 7769 906 686 |
Zeus Capital Limited (Nominated Adviser and Broker) | |
John Simpson | +44 (0) 207 016 8912 |
Imran Ahmad |
Updates on the Company's activities are regularly posted on its website www.uvel.com
Notes to Editors:
About UniVision Engineering
UniVision was incorporated in Hong Kong in 1979 and is now established in Hong Kong, Macau and China. The Group designs, sources and sells its own brand-name products and OEM products including, Microprocessor CCTV Control Systems, Video Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access Systems.
UniVision currently offers hybrid security systems and has a portfolio of cutting edge digital technology used by its blue chip client base and the Hong Kong Government. UniVision is included in the Hong Kong Government's list of "Approved Suppliers and Installation of Video Electronics Equipment".
To date the Group has completed high profile projects for clients including Hong Kong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway, Shanghai Plaza 66 and Sydney CityRail Network selling its products through its distribution channels in China, Taiwan and other Asian countries.
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