Contract

RNS Number : 7599I

UniVision Engineering Ltd

21 June 2017

 

21 June 2017

UniVision Engineering Limited

("UniVision", the "Company" or the "Group")

Additional works for the MTR contract 

UniVision, 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, is delighted to announce that additional works have been confirmed recently by MTR Corporation Limited in Hong Kong ("MTR Corporation") under the contract for the replacement and provision of the CCTV systems for 84 MTR stations and 69 stops of Light Rail following the award of the Contract as announced on 12 May 2017. ("the Contract")

The additional works are for the provision of Optical Fibre Cables for Tseung Kwan O Line Tunnel Sections, and are part of the optional works as allowed under the Contract.   

The value of the additional works is HK$7m (£0.7m) and has not been included in the original contract sum of HK$389.4m (£38.1m) as announced on 12 May 2017. The total value of the Contract including the additional works is therefore HK$396.4m (£38.8m).

For further information visit www.uvel.com or contact:

UniVision Engineering Limited	Tel: [phone]
Stephen Koo, Chairman	www.uvel.com
Chun Pan Wong, Chief Executive Officer
Danny Kwok Fai Yip, Finance Director
Nicholas Lyth, Non-Executive Director	Tel: [phone]
ZAI Corporate Finance Limited                                        (Nominated Adviser and Broker)	Tel: [phone]
Dugald J. Carlean /Tim Cofman	www.zaicf.com

 

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