21st Jan 2021 14:36
UniVision Engineering Ltd - Hong Kong-based CCTV & surveillance systems company - Inks fifth supplementary agreement to May 2017 agreement with MTR Corp in Hong Kong. The supplementary agreement is for modifying the design and installation method of CCTV cameras and has a HKD16.3 million agreed value, approximately GBP1.5 million. Under the agreement, UniVision is to supply and install new cameras and equipment to enable "full coverage of 9-cars platforms area to achieve the functional and technical requirements by MTR".
The latest deal follows soon after a fourth supplementary agreement, announced December 30 and worth HKD11.2 million. Work on the major MTR contract and all five supplementary agreements so far is unlikely to complete in full until July 24.
Current stock price: 1.30 pence; up 13% on Thursday
Year-to-date change: up 3.6%
By Anna Farley; [email protected]
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