The Company is a Hong Kong registered company and the rights of shareholders are governed by Hong Kong SAR law which may be different from the rights of shareholders in a UK incorporated company.
UniVision was formed in November 1979 and focuses primarily on the provision of surveillance systems and integrated security systems to industrial, commercial and public sector customers in Hong Kong, the PRC and Macau.
Later, the Company commenced the design and manufacture of CCTV switchers and controllers under the brand name "UniVision", and in 1986 MultiVision Systems and Networks Limited was established to specialize in the design and manufacture of these products.
In 1994, a contract was signed with the authority of Dong Guan to sell CCTV systems and the devices for toll collection.
In 1994, in response to the growing demand for UniVision's products, a manufacturing facility was built in the PRC which was extended two years later to cover an area of approximately 9,200 square metres.
In 1996 UniVision obtained a license to manufacture and market a developed and licensed core module which could be used in contactless smart card readers.
In 1998 UniVision obtained ISO9001 Quality Management Systems accreditation from SGS Yardley International Certification Services Limited.
The Company is incorporated in Hong Kong and is managed and controlled outside the UK. For these reasons the City Code on Takeovers and Mergers does not apply to the Company. It is emphasised that, although the Ordinary Shares will trade on AIM, the Company will not be subject to takeover regulation in the UK.
The information on this web site is being disclosed for the purposes of AIM Rule 26.
Subsequently, UniVision was certified to have obtained ISO9001 in 2002 and ISO9001:2000 in 2004 from SGS Hong Kong Limited. In 2001 UniVision secured a contract to supply and install a remotely monitored and recorded closed circuit television system to provide station platform Help Point services for the Sydney Rail System in Australia.
Pursuant to a group reorganization in 2001 the group structure of UniVision and its group of companies was simplified.
MultiVision Systems and Networks Limited was separated from UniVision and in the following year it, together with its group of companies, floated on the Singapore Exchange Securities Trading Limited. In 2002, UniVision's PRC based manufacturing facility was disposed of to a third party. UniVision and MultiVision Systems and Networks Limited continue to co-operate on Macau Casino projects.
Subsequently, UniVision has focused its resources on the design, supply and installation of total solution surveillance and security systems.
In 2004, the Company secured a contract for the provision of a digital surveillance system for Hong Kong Area Traffic Control, the digital system for traffic surveillance in Hong Kong and, in 2005, a further contract for the provision of a CCTV system for Sky Plaza, the Hong Kong International Airport Extension. The Company has recently entered into several contracts with a PRC company in Shenyang to provide a forest fire surveillance system.
UniVision now has a foundation in providing surveillance systems in both Hong Kong and Macau and has the ability to take a selective position in surveillance related contracts in the PRC.
The directors are now planning the further expansion of the Company's business as an integrated security system solutions provider, based on the core closed circuit television surveillance systems. The Company is seeking to identify strategic partners to facilitate further expansion into the Asia Pacific Region and other international markets such as Australia, Indonesia, Thailand, Malaysia, the Middle East, the United States of America and Europe.