Contract Win

RNS Number : 0393R

UniVision Engineering Ltd

23 April 2009

 



UniVision Engineering Ltd

('UniVision' or 'the Group)

Contract Win in PRC 

UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, is pleased to announce that it entered into a contract on 14 April 2009  for  RMB49million (£4.8million) with Huang Shan Shi Yi Xian Tian Chen Property Development Company Limited and Huang Shan Shi Xiangxigu Holiday Village Limited ('the Developers'), the property developer and hotel operator in Mainland China for the hotel project - Huang Shan (Xidi) Xiangxigu Holiday Village in Huangshan, a famous travel city in PRC.

In the event that the Developers default on payments due to UniVision under the contract, the ownership of the Holiday Village will transfer to UniVision. 

The Project is undertaken by our wholly-owned PRC Subsidiary, Leader Smart Engineering (Shanghai)  Limited who acts the main contractor in Interior Design and Installation of Electrical & Mechanical works for the hotel project. It will be completed in 9 months' time and is estimated to be completed in  December 2009. 

-ends-

For further information visit www.uvel.com or contact

Univision Engineering Limited    [phone]

Stephen Koo, Chairman        

Chun Hung Wong, CEO

HB Corporate Limited Imran Ahmad /Rory Creedon	[phone]
Threadneedle Communications Graham Herring /Josh Royston	[phone]

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.

 

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