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Pin to quick picksUnivision Regulatory News (UVEL)

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Response to Winding up Petition

14 Sep 2023 11:26

RNS Number : 4842M
UniVision Engineering Ltd
14 September 2023



Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.


14 September 2023


UniVision Engineering Limited

("UniVision" or the "Company" or the "Group")


Response to Winding up Petition



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 it has received a petition that has been brought by one of its sub-contractors, namely, E-Star Engineering Company ("E-Star"), in the High Court in Hong Kong; in respect of an outstanding debt owed by the Company of HK$1,896,819 (approximately £194,473), being the Judgment Sum, interest and costs under DCCJ 4037 of 2022 dated 24 April 2023 which remains unpaid. E-Star has presented the petition ("the Petition") for the Company to be wound up pursuant to Section 177(1)(d) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap.32) in Hong Kong. The date of the Court hearing has been set for 15 November 2023.


The Company will negotiate with E-Star and intends to defend and oppose the Petition.


As previously announced, the Board remains in negotiations with potential investors who are looking to make a substantial investment in the Company and it is satisfied that the Company will be able to meet the Petition should this be necessary.


Further announcements will be made if and when appropriate.


~ ENDS ~


For further information visit or contact:


UniVision Engineering Limited

Tel: +852 2389 3256

Stephen Koo, Executive Chairman

Peter Yip Tak Chan, Chief Executive Officer 

SPARK Advisory Partners Limited

(Nominated Adviser)

Tel: +44 (0)20 3368 3550

Mark Brady / Neil Baldwin

SI Capital Limited


Tel: +44 (0)1483 413500

Nick Emerson



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Date   Source Headline
16th Oct 202311:04 amRNSFurther re Winding up Petition - Petition Granted
11th Oct 20239:52 amRNSFurther re Winding up petition - Hearing adjourned
2nd Oct 20237:30 amRNSSuspension - Univision Engineering Limited
27th Sep 202311:53 amRNSPublication of Annual Report and Accounts delayed
27th Sep 20237:47 amRNSFurther re Winding up petition – Hearing adjourned
14th Sep 202311:26 amRNSResponse to Winding up Petition
29th Aug 202310:26 amRNSResponse to Winding up Petition
28th Jul 202311:48 amRNSResponse to Winding up Petition
6th Jul 20232:36 pmRNSResponse to Share Price Movement
19th Jun 20238:09 amRNSLifting of Suspension in trading
19th Jun 20237:53 amRNSRestoration - Univision Engineering Limited
19th Jun 20237:00 amRNSInterim Results - Six Months Ended 30 Sept 2022
9th Jun 20234:21 pmRNSResult of AGM
19th May 20235:42 pmRNSFinal Results for the year ended 31 March 2022
16th Feb 20232:34 pmRNSWinding up petition dismissed
13th Dec 202211:12 amRNSDirectorate change
13th Dec 202211:11 amRNSResponse to Winding up Petition
23rd Nov 202212:20 pmRNSDirectorate Change
18th Oct 202212:25 pmRNSWinding up petition dismissed
12th Oct 202211:50 amRNSLoan Agreement
3rd Oct 20227:30 amRNSSuspension - Univision Engineering Limited
29th Sep 202211:16 amRNSPublication of Annual Report and Accounts Delayed
29th Jul 20221:34 pmRNSDirectorate Change
17th Jun 202211:43 amRNSNotice of Contract Termination
11th May 20221:27 pmRNSFurther re: Response to Winding up petition
19th Apr 202211:20 amRNSFurther re: Response to Winding up petition
15th Mar 20222:46 pmRNSFurther re: Response to Winding up petition
4th Jan 202210:06 amRNSResponse re Winding up petition
30th Dec 20217:20 amRNSInterim Results for the 6m ended 30 Sept 2021
20th Dec 20214:24 pmRNSDirectorate Change
30th Sep 20212:06 pmRNSResult of AGM
18th Jun 202111:26 amRNSUniVision wins invention award
10th Jun 202112:06 pmRNSDirectorate Change
7th Jun 20213:09 pmRNSUpdate on proposed PDMR Dealing
4th Mar 20212:49 pmRNSReplacement: Proposed PDMR Dealing
3rd Mar 20211:32 pmRNSProposed PDMR Dealing
21st Jan 20211:41 pmRNSContract win
30th Dec 202012:34 pmRNSContract win
29th Dec 20207:00 amRNSInterim Results - 6 months ended 30 September 2020
22nd Dec 20203:09 pmRNSContractual Claim
30th Sep 202011:30 amRNSResult of AGM
7th Sep 20207:00 amRNSFinal Results for the year ended 31 March 2020
1st Sep 202011:23 amRNSContract Win
3rd Jul 20201:36 pmRNSTrading Update
23rd Jun 20202:56 pmRNSDirectorate Changes
17th Jan 20209:35 amRNSCooperation Framework Agreement
27th Dec 20199:30 amRNSInterim Results
13th Nov 201910:25 amRNSUniVision appoints major sub-contractor
6th Nov 20199:10 amRNSDirectorate changes
17th Oct 20192:04 pmRNSDirectorate Change

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