Univision Engineering Share Discussion Threads

[noirua] 18/10/2023 12:00

Thank you for your message.

Please be assured we have looked into this for an extensive length of time and our investigation has shown that the company was in fact declared worthless from 26 January 2018 as per the communications you received from ourselves.

If you are unhappy with this I can pass this on to our Client Services team who can look into this as a complaint for you. Please reply to this message if that is the course of action you wish to take.

I hope this has been of assistance. Should you have any further queries, please do not hesitate to get back in touch.

Kind regards
--------

This is information contained in my last letter to Hargreaves Lansdown. Over many years of dealing with matters, I've learned to remain calm and not comment too early.

This link shows that Leader Smart Holdings Limited is still a live trading company.



Register Number/注Ð74;編號: F0021801
Chinese Name/中文;名稱: 無
English Name/英文;名稱: Leader Smart Holdings Limited
Date of Establishment/ৎ4;立日期: 2015-10-06
Registered Area/註冊;地:Kowloon/九龍
Administrative Division/行5919;分區;:Kwun Tong/觀塘;
Sub District/下2026;分區;:Hong Kong Company Registered in Kwun Tong, Kwun Tong
Street/街ű47;:Hong Kong Company Registered in Shing Yip Street
Company Category/公1496;類別;: Registered Non-Hong Kong Company/註874;非香港公496;
Active Status/公Ö96;現狀: Live/仍註;冊
🛒Purchase Leader Smart Holdings Limited Detailed Report (including company background, capital information, key personnel, customs data, information on persons subject to enforcement, company risks, etc.)
Website/網336;: Leader Smart Holdings Limited Website
Update On/更新日期: 2023-07-19 11:00:24
Source/來ě04;: DATA.GOV.HK

[zangdook] 18/10/2023 09:28

I gave them proof they were wrong, but their last reply to me just said I hadn't shown them anything and they were sure they were right, so I've made a formal complaint. I haven't even had an acknowledgement. If I was running a complaints desk I would reply to any complaint with an immediate acknowledgement that it had been received. I suppose they might be sending it by post although I submitted the complaint by email.

The next step is the Financial Ombudsman Service.



1. Contact the firm
The firms we authorise must have a process in place for resolving complaints.

done

2. You get a response
Unless they resolve your complaint within 3 business days, all firms must reply in writing to let you know they've received your complaint.

Still waiting for that. Anyway, they get eight weeks to sort it out. If they stick to their nonsense or don't reply in eight weeks it goes to the ombudsman.

3. Contact the Financial Ombudsman Service
If you’re unhappy with the firm's decision, or you don't hear from them in the right time frame, the  Financial Ombudsman Service may be able to help.

[noirua] 18/10/2023 09:04

I have received another reply from Hargreaves Lansdown. I'm presently not at home and have forgotten one of the passwords so will let you know the outcome later.

[noirua] 17/10/2023 21:53

I sent a message to Hargreaves Lansdown with proof positive the company still exists. If it gets nowhere I will escalate to their Complaints Department and await events.
I'm not sure what others are doing exactly.

[noirua] 16/10/2023 12:14

I can see we must go first via the complaints procedure.

Hopefully, SK will carry knowledge to Leader Smart Holdings Limited ( Hargreaves Lansdown thinks they are bust). He will have had a great deal of time to get things together. What happens to the sum of the parts might be interesting.

[zangdook] 16/10/2023 11:28

I hesitate to ask Mr Koo to help sort out Hargreaves L's incompetence. He must be very busy these days. From what I've seen of him he's probably trying all-out to rescue something from the fire.

[noirua] 16/10/2023 11:09

It will be interesting to see if Chairman Stephen Koo can somehow concentrate on Leader Smart Holdings though we still have problems with Hargreaves Lansdown who appears to think Leader Smart Holdings has also been liquidated. Hopefully, Mr Koo can help us out here ( those with Hargreaves Lansdown that is ). Or maybe one of us can help LSH from here in the UK, who knows?

It is a sad day though I mustn't grumble as I did well on the runup in 2017. I guess there are a lot of companies claiming so it is best to see it as a complete loss for shareholders.

[zangdook] 16/10/2023 10:28

Oh. I feel sorry for Mr Koo, he put a lot into the company. I wonder if we'll get any return. If not, there's always Leader Smart.

[noirua] 16/10/2023 10:08

On 16 October 2023, the Company was ordered to be wound up by The High Court of Hong Kong SAR in HCCW 323/2023 and the Official Receiver was appointed as the Provisional Liquidator of the Company by virtue of her office.

Winding up by the Court and Appointment of Provisional Liquidator

UniVision (AIM: UVEL), 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, announces that the Winding up petition brought against it by one of its sub-contractors, namely, KML Engineering Limited , which was first announced on 28 July 2023, was heard by the High Court of Hong Kong SAR today.

[noirua] 15/10/2023 09:46

Setting up information concerning Univision's former subsidiary hived off in 2015.

Board of Directors


Proof of existence and still trading of Leader Smart Holdings Limited


Directors of Leader Smart Holdings Limited

[noirua] 11/10/2023 18:12

Fri, 28th Feb 2014 11:19
Alliance News

LONDON (Alliance News) - UniVision Engineering Ltd Friday said it is considering its options for its 51% stake in the Zhongshan Ming Xuan shopping mall project, including retaining it and developing the mall itself, a move that comes days after it was excused having to repay a USD3.95 million loan.

The AIM-listed, Hong Kong-based designer of surveillance and security systems had signed a deal in June 2012 to sell the stake in the mall to Guangzhou Hua Xin Trading Company Ltd for CNY110 million. The sides had updated the deal in August last year, setting a deadline for completion by the end of this month.

In a statement, the company said the sides have now agreed to cancel the deadline date and instead await a decision by the Arbitration Commission in China, which is deciding on a dispute over the commercial terms of a separate agreement that Guangzhou Hua Xin had to buy the other 49% stake in the mall from Fu Li Wa.

However, UniVision added that it is now exploring other options for the mall stake, including the possibility of developing the project itself if it can get further financing, after it was earlier this month let off a USD3.95 million loan it owed Mayne Management Ltd and all interest that had built up.

UniVision Chairman Stephen Koo previously worked for Mayne, and said his personal relationship with the company had been one reason Mayne was willing to cancel the loan without being repaid.

UniVision Friday said the mall was given a market value of CNY295 million in a valuation report last June.

[noirua] 11/10/2023 17:39

Yes, I forgot, there are monthly charges on my SIPP. The trading account goes with this but I rarely use it. I have an ISA with ii.
These are ii charges:
These are HL charges:

I have searched the Guangzhou Arbitration Commission and the Zhongshan Branch of the Guangzhou Arbitration Commission. So far no luck searching.

[zangdook] 11/10/2023 16:33

I have monthly charges with HL. Only a few £.

I don't mind mistakes if they listen when you correct them, but with this LSH problem, they just won't listen. You would have thought the half-witted intern that's made the mistake would have asked her supervisor to check her work by now.

[noirua] 11/10/2023 16:20

I have had no trouble with ii whatsoever.

HL in their last response asked me to provide Director contact details which I will do this evening.

When ii made mistakes they credited me with £25.00 and £50.00 without any request. On the latter occasion, I thought it was my fault for failing to cancel a Canadian order so they were very good about that.
It is however swings and roundabouts as HL have no monthly charges and lower currency exchange costs. ii lower share transaction charges and allow trading in more countries. HL is not a Direct Broker like ii and that might be a hidden problem with the UVEL holding.

[finkwot] 10/10/2023 13:49

I have far less than that, but enough to provide a meaningful return if the shopping mall situation is ever resolved. I presume you've had no trouble from ii?

I haven't time to write a formal complaint today, I'll do it sometime this week. I'd like to bill HL for the hours spent sorting out their incompetence, it takes away from time with my kids.

[noirua] 10/10/2023 13:08

Thanks for your information finkwot. I will check for any replies from HL. My holding is just over 6 million shares in Leader Smart Holdings Limited. Some are held with ii.

Valuing shares in HL is difficult though there was a valuation reported in 2013 for the whole Shopping Mall at over £30 million as converted from Yuan at the time.
UniVision Friday said the mall was given a market value of CNY295 million ( £32,450,000 as of June 10, 2013 ) in a valuation report last June ( June 2013 ).

[finkwot] 10/10/2023 07:39

HL are a pain

[noirua] 29/9/2023 15:42

I did not include the links in the last two posts to HL as I forgot about them.

[noirua] 29/9/2023 14:52

This page proves the companies in Hong Kong:
Moody's Analytics:


It is necessary to click about a bit to get to the right page. It can be stubborn.


Eventually, the page will list all four Leader Smart Companies showing 3 closed and Leader Smart Holdings live.

[noirua] 29/9/2023 14:33

Registration in the British Virgin Islands for Leader Smart Holdings Limited:

[noirua] 29/9/2023 14:27

Leader Smart Holdings Limited:

[noirua] 29/9/2023 13:20

I have also received similar correspondence from HL and replied. They sent a second letter which has also been replied to.

Sometimes staff make decisions knowing HL is an FTSE100 company and small fry like us can be easily disregarded. Whatever happens from here HL will not be bothered.

[noirua] 27/9/2023 11:04

As a result of not being able to publish its Annual Report and Accounts by 29 September 2023 in accordance with AIM Rule 19, trading in the Company's ordinary shares on AIM will be suspended from 7.30am on Monday 2 October 2023.

The Company aims to complete its audit and publish its annual report as soon as possible, after which trading in the Company's ordinary shares is expected to recommence.

Notwithstanding the temporary suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are developments that requirement announcement in accordance with its obligations under the AIM Rules for Companies.