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UVEL Univision Engineering Limited

0.15
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Univision Engineering Limited LSE:UVEL London Ordinary Share HK0000033065 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 3.96M -10.27M -0.0268 -0.06 575.52k

UniVision Engineering Ltd Additional works for the MTR contract (2614V)

01/11/2017 11:10am

UK Regulatory


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TIDMUVEL

RNS Number : 2614V

UniVision Engineering Ltd

01 November 2017

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For immediate release: 1 November 2017

UniVision Engineering Limited

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

Additional works for the MTR contract

UniVision, 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, is delighted to announce that further additional works have been confirmed by MTR Corporation Limited in Hong Kong ("MTR Corporation") under the contract for the replacement and provision of the CCTV systems for 84 MTR stations and 69 stops of Light Rail ("the Contract") following the award of the Contract announced on 12 May 2017.

The additional works are for the integration with the Station CCTV System in the Hung Hom to Admiralty Section of the Shatin to Central Link project, and are part of the optional works as allowed under the Contract.

The value of the additional works is HK$10.9m (GBP1.05m) and has not been included in the original contract sum of HK$389.4m (GBP38.1m) announced on 12 May 2017.

The total value of the Contract, including all the additional works (amounting to HK$17.9m) confirmed by MTR Corporation since May 2017, is therefore HK$407.3m (GBP39.85m). As previously announced, the Contract is ongoing and is due for completion in November 2023.

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      Tel: +44 (0)7769 
  Director                          906686 
 
 SPARK Advisory Partners Limited   Tel: +44 (0)20 
  (Nominated Adviser)               3368 3551 
 Mark Brady / Neil Baldwin         www.sparkadvisorypartners.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFILLRLLIID

(END) Dow Jones Newswires

November 01, 2017 07:10 ET (11:10 GMT)

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