The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 (as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
13 December 2022
UniVision Engineering Limited
("UniVision", 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 (CCTV) and surveillance systems, and the sale of security related products, announces that it has received a winding up petition ("the Petition") that has been brought by one of its equipment suppliers for the contract with MTR Corporation, namely, Synnex Technology International (HK) Limited ("Synnex"), in the High Court in Hong Kong. The Petition alleges outstanding debts owed by the Company of HK$12,945,834 (approximately £1.358 million) to Synnex in respect of equipment supplied to the Company. Synnex has presented the Petition for the Company to be wound up pursuant to the provisions of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap.32) in Hong Kong. The date of the Court hearing has been set for 8 February 2023.
Negotiations remain ongoing with Synnex in order to resolve this matter.
Further announcements will be made if and when appropriate.
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For further information visit www.uvel.com or contact:
| UniVision Engineering Limited | Tel: +852 2389 3256 |
| Stephen Koo, Chairman | |
| | |
| SPARK Advisory Partners Limited (Nominated Adviser) | Tel: +44 (0)20 3368 3551 |
| Mark Brady / Neil Baldwin | |
| | |
| SI Capital Limited (Broker) | Tel: +44 (0)1483 413500 |
Nick Emerson
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