UniVision Engineering Ltd Loan Agreement (6696C)
12 Octubre 2022 - 5:50AM
UK Regulatory
TIDMUVEL
RNS Number : 6696C
UniVision Engineering Ltd
12 October 2022
12 October 2022
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. On publication of this announcement via a
Regulatory Information Service, this information is considered to
be in the public domain.
UniVision Engineering Limited
("UniVision", the "Company" or the "Group")
Loan Agreement
UniVision (AIM: UVEL), 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, announces that it has entered
into a loan agreement with Webright Ventures Limited ("Webright"),
a company incorporated in Hong Kong, to borrow HKD 12 million
(approximately GBP1.38 million) from Webright. The loan will be
unsecured, will have a period of three months, and an interest rate
of 8 per cent. per annum. Around half the loan will be used as
funds set aside ahead of the hearing of the Winding-up petition
against UniVision, which was first announced by the Company on 4
January 2022, and is due to be heard in Court in Hong Kong on 18
October 2022.
Further to its announcement on 29 September 2022, the Company is
still working with its auditors to complete its audit and publish
its annual report, after which trading in the Company's ordinary
shares on AIM is expected to recommence.
Further updates will be made on these matters in due course.
For further information visit www.uvel.com or contact :
UniVision Engineering Limited Tel: +852 2389 3256
Stephen Koo, Chairman www.uvel.com
Danny Kwok Fai Yip, Finance Director
SPARK Advisory Partners Limited Tel: +44 (0)20 3368 3551
(Nominated Adviser)
Mark Brady / Neil Baldwin www. sparkadvisorypartners.com
SI Capital Limited (Broker)
Tel: +44 (0)1483 413500
www.sicapital.co.uk
Nick Emerson
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END
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October 12, 2022 06:50 ET (10:50 GMT)
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