UniVision Engineering Ltd
11 February 2008
UniVision Engineering Ltd
('UniVision' or 'the Group)
Service Supplier Certification under CEPA
UniVision, the AIM listed Hong Kong based designer and installer of digital
surveillance and integrated security systems, is pleased to announce that, on 4
February 2008, it was awarded the Certificate of Hong Kong Service Supplier
(HKSS) for CEPA from the Department of Trade and Industry of the Hong Kong
Government. Under the Mainland and Hong Kong CEPA (Closer Economic Partnership
Arrangement), a certified supplier is permitted to provide Engineering Services
over a greater region of Mainland China (PRC). Access to the mainland for
wholly-owned foreign enterprises was previously restricted.
In order to operate in Mainland China companies must meet certain criteria, and
inclusion in CEPA will provide UniVision with a relaxation of many of these
rules. These include restrictions on equity shareholding, registered capital and
turnover requirements, as well as fewer restrictions on the areas where a
supplier may operate and the scope of the business that they can perform.
Stephen Koo, Chairman of UniVision commented,'There is a huge amount of growth
potential for our services in Mainland China and as a certified supplier under
CEPA, we will be able to maximise these opportunities.'.
-ends-
For further information visit www.uvel.com or contact
Univision Engineering Limited +852 2389 3256
Stephen Koo, Chairman
Chun Hung Wong, CEO
HB Corporate +44 (0) 207 510 8600
Jim McGeever/Rory Creedon
Threadneedle Communications +44 (0) 207 936 9605
Graham Herring/Josh Royston
Notes to Editors:
About UniVision Engineering
UniVision was incorporated in Hong Kong in 1979 and is now established in Hong
Kong, Macau and China. The Group 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 currently offers hybrid security systems and has a portfolio of
cutting edge digital technology used by its 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'.
To date the Group 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.
The Group listed on AIM, part of the London Stock Exchange, in December 2005.
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.