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UK smallcap opening - Univision Engineering boosted by 4.2 mln stg contract win


Published :
Tue, 08 Jan 2008 08:53
By : Agencies
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LONDON (Thomson Financial) - Univision Engineering was bolstered 0.375 a penny to 2-1/2 pence -- nearly an 18 pct rise -- as it entered into a contract with Zhong Shan Shi Fu Li Hua Property Development Company, a property developer in Mainland China, worth 4.2 mln stg.

The contract is for the Zhongshan Ming Xuan Square shopping mall in Zhongshan City, a well-developed city in the southern part of Guangdong Province in the People's Republic of China.

Meanwhile, Solana Resources edged up 9 pence to 125 pence as it said it will invest 92 mln usd in 2008 in its Colombian oil assets.

The company said the amount is fully funded from its existing capital and forecast operating cashflow. It is further underpinned by the company's recently acquired credit facility, it added.

tf.TFN-Europe_newsdesk@thomson.com

hmb/sal

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