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Univision signs 4.2 mln stg deal for China shopping mall; loan facility agreed


Published :
Tue, 08 Jan 2008 08:48
By : Agencies
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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.

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