REG - UniVision Eng Ltd - Response to Share Price Movement

UniVision EngineeringAnnouncement

06/07/2023 14:45

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RNS Number : 2407F  UniVision Engineering Ltd  06 July 2023

6 July 2023

 

UniVision Engineering Limited

("UniVision" or the "Company" or the "Group")

Response to Share Price Movement

 

UniVision (AIM: UVEL), the Hong Kong based Group 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 other than its recent restoration of trading on AIM
after the publication of its Half Year Report on 19 June 2023, the Group is
not aware of any material commercial or operational reason for the significant
increase in its share price.

As announced in the Half Year Report, the Company remains in negotiations with
potential investors who are looking to make a substantial investment in the
Company.  The Board believes that with the support of these potential
investors, the Company will be able to strengthen its financial and
technical position to allow the business to replace the lost contract and grow
the business in the future.

Further announcements in respect of this will be made as appropriate.

 

*ENDS*

 

For further information visit www.uvel.com (http://www.uvel.com/)  or
contact:

 

 UniVision Engineering Limited                                                                                            Tel: +852 2389 3256
 Stephen Koo, Executive                                                                                                   www.uvel.com (http://www.uvel.com/)
 Chairman
 Peter Yip Tak Chan, Chief Executive Officer
 SPARK Advisory Partners                                                                                                  Tel: +44 (0)20 3368 3550
 Limited

 (Nominated Adviser)
 Mark Brady / Neil Baldwin                                                                                                www.sparkadvisorypartners.com (http://www.sparkadvisorypartners.com/)

 SI Capital Limited                                                                                                       Tel:  +44 (0)1483 413500

 (Broker)                                                                                                                 www.sicapital.co.uk (http://www.sicapital.co.uk/)

Nick Emerson

 

 

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