UniVision announced that it has entered into a loan agreement with Webright Ventures Limited (Webright), a company incorporated in Hong Kong, to borrow HKD 12 million (approximately £1.38 million) from Webright. The loan will be unsecured, will have a period of three months, and an interest rate of 8%. per annum.

Around half the loan will be usedas funds set aside ahead of the hearing of the Winding-up petition against UniVision, which was first announced by the Company on 4 January 2022, and is due to be heard in Court in Hong Kong on 18 October 2022.