Source - SMW
UniVision Engineering says the proposed sale of shares by chairman Stephen Koo to Yi Sheng Technology, a company under the control of Derun Group and to Beijing Hang Tian has been terminated.

UniVision  said the parties have  signed a memorandum of understanding agreeing to the termination of the sale and purchase agreement, with effect from today due to the issue of time frame for the share transaction. 

Under the MOU, all parties have agreed to terminate the agreement that was signed on 14 January without any pursuit of compensation or damages.

At 1:22pm: (LON:UVEL) Univision Engineering Ltd share price was +0.13p at 0.58p