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

UniVision EngineeringAnnouncement

24/08/2016 11:35

RNS Number : 0356I
UniVision Engineering Ltd
24 August 2016
24 August 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, announced on 25 April 2016 that legal proceedings had been 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").
UniVision now announces that Mr. Stephen Koo and UniVision have returned the accompanying Acknowledgment of Service to the Registry of the High Court stating that they will contest the proceedings.
Mr. Stephen Koo and UniVision have received the Statement of Claim from the solicitor of the Plaintiff and are providing and verifying evidence to their legal counsel who is drafting the Defence. The Defence will be filed to the Court in early September, 2016.
UniVision has instructedits legal counsel to seek to strike out the claim against the Company. 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
Dugald J.Carlean / Tim Cofman/Songdi Linwww.zaicf.com 

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