UniVision Engineering Ltd
16 December 2005
UniVision Engineering Limited
('UniVision' or 'the Company')
Admission to AIM
UniVision Engineering Limited, the Hong Kong based designer and installer of
digital surveillance and integrated security systems, announces the Admission of
its shares to AIM. 50 million new ordinary shares have been placed at a price
of 3p by Insinger de Beaufort. Net proceeds of the placing are £1 million.
Highlights:
• Profitable in 2005
• High profile contracts in place, including
- Hong Kong Airport and
- Sydney CityRail Network
• Leading hybrid systems using digital and analogue technology
• Established in Asia Pacific markets
Stephen Koo, Executive Chairman of UniVision, commented, 'Our status as an AIM
company will enhance the Company's brand in Hong Kong and internationally,
whilst the listing will provide us with means to fund future acquisitions to
fulfil our potential as a dynamic organisation in an exciting sector.
'Surveillance and security systems are an integral part of plans to protect the
public. Our hybrid technology has already helped large organisations in Asia
and we look forward to our expansion plans in Europe with cautious optimism.'
UniVision was incorporated in Hong Kong in 1979 and is now established in Hong
Kong, Macau and China. The Company 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 intends to become a leading product supplier and systems integrator in
the global security market providing end-to-end solutions focusing on the
migration from analogue to digital technology. The Company currently offers
hybrid security systems and has a portfolio of cutting edge digital technology
used by their 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'.
For the year to 31 March 2005 the Company reported profit before taxation of
£0.50m (2004: £0.06m) on sales of £2.65m (2004: £3.45m). During this period the
management focused on significantly reducing the cost of sales resulting in an
improvement in operating margin. Financing costs were also reduced during the
period; the Company now has no debt and cash at bank was £0.38m (2004: £0.13m).
To date the Company 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. Univision
intends to build on its current strong client base in the Asia Pacific region
and to seek out international partners to assist with its development into other
markets.
-ends-
For further information visit www.uvel.com or contact
Univision Engineering Limited +852 2389 3256
Stephen Koo, Chairman
Johnny Tang, Finance Director
Insinger de Beaufort 020 7190 7000
Peter Ward
Simon Fox
Tavistock Communications 020 7920 3150
Christian Taylor - Wilkinson
Matt Ridsdale
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.