LONDON (Alliance News) - Hong Kong based security and surveillance systems firm UniVision Engineering Ltd said Wednesday it has won new contracts worth HKD8.4 million in recent months.
This includes a contract with the Hong Kong government's highways department to design, supply, deliver, install, test and commission a closed circuit television system, and a maintenance contract with the Electrical and Mechanical Services department.
Additionally, the transfer of shares in UniVision's electrical and mechanical and property division Leader Smart Engineering Ltd into a new holding company as part of its de-merger has been completed. Its cash and cash equivalents following the de-merger is HKD11 million, it said.
Shares in UniVision are trading up 28% at 1.09 pence Wednesday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Univision (UVEL)