Proposed quotation on the US OTC Bulletin Board

RNS Number : 3856F

UniVision Engineering Ltd

14 June 2012

 



 14 June 2012

UniVision Engineering Limited

("UniVision" or the "Group)

Proposed quotation on the US OTC Bulletin Board

                                                                                 

UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, is pleased to announce that it has filed a registration statement on Form 20-F (the "20-F") with the U.S. Securities and Exchange Commission ("SEC") and has become subject to reporting requirements pursuant to U.S. Securities and Exchange Act of 1934. This is a pre-requisite for the Company to have its ordinary shares quoted on the Over-The-Counter Bulletin Board of the US OTC Marketplace ("OTC BB"). It is anticipated that trading of the Company's  ordinary shares on the OTC BB should commence in mid-August 2012, subject to completion of the SEC's review of the 20-F and other procedures as required by applicable rules and regulations. At this time there can be no certainty however that this timeframe will be attained or that the quotation on the OTC BB will be successfully completed.

The Board believe that a quotation on the OTC BB will benefit existing shareholders by making the Company's shares more accessible to US-based investors and will compliment the Company's AIM listing which will remain as the principal trading platform for the Company's issued ordinary share capital.

The Company has engaged The Amiral Group Ltd as its US adviser in relation to the listing on the US OTC BB.

A further announcement will be made by the Company in due course on the proposed listing on OTC BB.

-ends-

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

UniVision Engineering Limited	[phone]
Stephen Koo, Chairman
Chun Hung Wong, CEO
Nicholas Lyth, Non-Executive Director	[phone]
Allenby Capital Limited (Nominated Adviser/ Broker)
Nick Athanas/James Reeve	[phone]

Notes to Editors:

About UniVision Engineering Limited

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.

 

END

 

 

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