30th Mar 2016 11:44
LONDON (Alliance News) - UniVision Engineering Ltd on Wednesday said it decided to sell its majority stake in Taiwan-based security and surveillance systems maker T-Com Technology and is confident of finding a buyer soon.
UniVision, a Hong Kong-based CCTV and surveillance systems company, said it will sell the 52.25% stake it holds in the business following continued weakness in T-Com trading in the second half of the financial year to the end of March.
Stephen Koo, UniVision's chairman, personally guarantees the banking facilities of T-Com and has expressed a firm interest in buying UniVision's stake in the business.
UniVision shares were down 12% to 0.66 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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