REG - UniVision Eng Ltd - Further Update Re Potential claim <Origin Href="QuoteRef">UVEL.L</Origin>

UniVision EngineeringAnnouncement

25/04/2016 15:40

RNS Number : 2646W
UniVision Engineering Ltd
25 April 2016
25 April 2016
UniVision Engineering Limited
("UniVision" or the "Company")
Further Update Re Potential claim against Mr Stephen Koo and UniVision
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 the announcement released on 1 April 2016 regarding the legal proceedings initiated by Nan Ning Hai Li Real Estate Development Limited ("Hai Li" or the "Plaintiff") against Mr Stephen Koo ("1st Defendant") and UniVision ("2nd Defendant"), Mr Koo and UniVision received the Acknowledgement of Service of Writ of Summons from the solicitor of the Plaintiff on 22 April 2016. Within 14 days after the service, counting the day of service, Mr Koo and UniVision are required to either satisfy the claim or return to the Registry of the High Court the accompanying Acknowledgment of Service stating whether to contest the proceedings or to make an admission.Mr Koo and UniVision intend to contest the proceedings.
Further details of the claim will be provided by the solicitors of the Plaintiff within 14 days from the day of service. Mr Stephen Koo and the Company will continue to review the Company's position as the case progresses. 
The directors will inform shareholders of any material development in respect of this potential claim. 
For further information visit www.uvel.com or contact:
UniVision Engineering Limited   Tel: +852 2389 3256
Stephen Koo, Chairman www.uvel.com 
Chun Pan Wong, Chief Executive Officer
Danny Kwok Fai Yip, Finance Director
Nicholas Lyth, Non-Executive Director +44 (0)7769 906686
ZAI Corporate Finance Limited 
(Nominated Adviser and Broker)  Tel: +44 (0)2070602220
Tim Cofman / Songdi Lin  www.zaicf.com 

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