Univision signs 4.2 mln stg deal for China shopping mall; loan facility agreed |
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Published
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Tue, 08 Jan 2008 08:48 |
LONDON (Thomson Financial) - UniVision Engineering Ltd said it has won a contract worth 4.2 mln stg from Zhong Shan Shi Fu Li Hua Property Development Co Ltd, a property developer in mainland China, for the Zhongshan Ming Xuan Square shopping mall in Zhongshan City.To finance this project, the AIM-listed Hong Kong-based designer and installer of digital surveillance and integrated security systems said it has agreed a loan facility of 2.5 mln stg from Mayne Management Ltd, the holding company of UniVision Holdings Ltd, which has a 47.9 pct interest in UniVision Engineering.UniVision said it will pay a total interest of 0.5 mln stg for the loan, adding the project is estimated to be completed by mid-2008.newsdesk@afxnews.comjjo/bsu/ms1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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