UniVision chairman increases stake in company

The chairman of Hong-Kong-based UniVision Engineering bought shares in the company on Wednesday as a sign of confidence in improving business conditions for 2015.

Stephen Sin Mo Koo, the chief of the electronic equipment firm, spent £14,550 to acquire 1.5m new shares.

After buying the shares at an individual price of 0.97p, the Mo Koo was left holding a total of 279.7m shares, representative of 72.9%.

The businessman said in the group’s interim report last month that, despite a drop in profits for the first half of the year, new infrastructure projects would “support growth of the group’s income in future years”.

In 2014 UniVision registered a decline in revenue to £3.1m from £4.4m the year before, as a result of worsening conditions at its Taiwan construction business. The chief factor behind the above was the decrease in job orders and delays to projects driven by a budget reduction at a major local customer.

Top Director Buys

Whitbread (WTB)
Director name: Mr Nicholas Cadbury
Amount purchased: 325 @ 4,658.13p
Value: £15,139

UniVision Engineering Ltd. (UVEL)
Director name: Mr Stephen Sin Mo Koo
Amount purchased: 1,500,000 @ 0.97p
Value: £14,550

BlackRock Commodities Income Inv Trust (BRCI)
Director name: Mr Edmond (Ed) William Warner
Amount purchased: 12,000 @ 88.60p
Value: £10,632

Top Director Sells

Capital Lease Aviation (CLA)
Director name: Mr Peter Anthony Freeman
Amount sold: 110,000 @ 20.50p
Value: £22,550