REG - UniVision Eng Ltd - Further Update Re Director Share Transfer <Origin Href="QuoteRef">UVEL.L</Origin>

UniVision EngineeringAnnouncement

28/10/2016 15:20

RNS Number : 7789N
UniVision Engineering Ltd
28 October 2016
28 October 2016
UniVision Engineering Limited
("UniVision" or the "Company")
Further Update Re Director Share Transfer
UniVision(AIM; UVEL), the Hong Kong basedgroup whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, announces that further to its announcement made on 8September 2016 regarding the director share transfer, the Company applied to the Hong Kong Securities and Futures Commission for a ruling whether the Company will indeed be subject to the Hong Kong Code on Takeovers and Mergers and Share Repurchases. The Company has received a letter from Hong Kong Securities and Futures Commission on 28 October 2016 confirmed that the Company will not be regarded as "a public company in Hong Kong" within the meaning of Section 4.1 of the Introduction to the Codes on Takeovers and Mergers and Share Buy-backs (the "Codes") and as such the Codes on Takeovers and Mergers and Share repurchases does not apply to the Company. 
The Board will consider whether to include Takeover provision in its Articles of Association in due course.
For further information visit www.uvel.com or contact:
UniVision Engineering Limited
Tel: +852 2389 3256
Stephen Koo, Chairman
Chun Pan Wong, Chief Executive Officer
Danny Kwok Fai Yip, Finance Director
www.uvel.com 
Nicholas Lyth, Non-Executive Director
+44 (0)7769 906686
ZAI Corporate Finance Limited 
(Nominated Adviser and Broker) 
Tel: +44 (0)20 7060 2220
Dugald J. Carlean /Tim Cofman /Songdi Lin
www.zaicf.com 

This information is provided by RNS
The company news service from the London Stock Exchange
  END
STRPGGWGUUPQGCR