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29 Apr 2015 12:30
29 April 2015
UniVision Engineering Limited
("UniVision", the "Company" or the "Group")
Trading update
UniVision, the AIM quoted, Hong Kong based designer and installer of digital surveillance and integrated security systems is pleased to announce that it has secured the new contracts with a total value of HK$8.4m (approx. £0.71m on the basis of the current prevailing exchange rate) in Hong Kong in the recent months as following:-
1. Design, supply, delivery, installation, testing and commissioning of Closed Circuits Television (CCTV) Systems for Traffic Control and Surveillance Systemin Central -Wanchai Bypass Tunnel Buildings, Systems and Fittings and Works associated with Tunnel Commissioning. The customer of this Project is the Highways Department of Hong Kong Government.
2. Maintenance contract of CCTV Systems and Data Network at Kai Tak Cruise Terminal. The customer of this Project is the Electrical and Mechanical Services Department of Hong Kong Government.
The Board further announces today that the share transfer of Leader Smart Engineering Limited has been executed. The Company's cash and cash equivalents (unaudited) after the demerger is HK$11m (approx.£0.93m). The Group maintains a stable cash flow from its existing and new construction and maintenance contracts which the major customers are the government departments and public companies.
For further information visit www.uvel.com or contact:
UniVision Engineering Limited Tel: +852 2389 3256
Stephen Koo, Chairman www.uvel.com
Chun Pan Wong, Chief Executive Officer
Danny Kwok Fai Yip, Finance Director
Nicholas Lyth, Non-Executive Director +44 (0) 7769 906686
ZAI Corporate Finance Limited
(Nominated Adviser and Broker) Tel: +44 (0)20 7060 2220
Richard Morrison www.zaicf.com
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