UniVision Engineering Ltd Further Update Re Potential claim (0356I)
August 24 2016 - 6:30AM
UK Regulatory
TIDMUVEL
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 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, 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 ("1(st) Defendant") and UniVision ("2(nd)
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 instructed its 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)20 7060 2220
Dugald J.Carlean / 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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