UniVision Engineering Ltd Further Update Re Director Share Transfer (7789N)
October 28 2016 - 9:15AM
UK Regulatory
TIDMUVEL
RNS Number : 7789N
UniVision Engineering Ltd
28 October 2016
28 October 2016
UniVision Engineering Limited
("UniVision" or the "Company")
Further Update Re Director Share Transfer
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 further to its
announcement made on 8 September 2016 regarding the director share
transfer, the Company applied to the Hong Kong Securities and
Futures Commission for a ruling whether the Company will indeed be
subject to the Hong Kong Code on Takeovers and Mergers and Share
Repurchases. The Company has received a letter from Hong Kong
Securities and Futures Commission on 28 October 2016 confirmed that
the Company will not be regarded as "a public company in Hong Kong"
within the meaning of Section 4.1 of the Introduction to the Codes
on Takeovers and Mergers and Share Buy-backs (the "Codes") and as
such the Codes on Takeovers and Mergers and Share repurchases does
not apply to the Company.
The Board will consider whether to include Takeover provision in
its Articles of Association in due course.
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 Tel: +44 (0)20
(Nominated Adviser and Broker) 7060 2220
Dugald J. Carlean /Tim Cofman www.zaicf.com
/Songdi Lin
This information is provided by RNS
The company news service from the London Stock Exchange
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