Sealand Capital Galaxy Limited Unaudited Interim Results (0232O)
September 30 2019 - 1:00AM
UK Regulatory
TIDMSCGL
RNS Number : 0232O
Sealand Capital Galaxy Limited
30 September 2019
For release: 07.00 a.m., 30 September 2019
Sealand Capital Galaxy Limited
("Sealand", or the "Company")
Unaudited Interim Results for the six months ended 30 June
2019
Sealand Capital Galaxy Limited (LSE: SCGL), a Company engaged in
the investment and acquisition of digital marketing, mobile payment
and other IT related businesses with high growth potential,
announces unaudited Interim Results for the six months ended 30
June 2019 with respect to the Company and its subsidiaries (the
"Group"). The Interim Results are available to view on the
Company's website at http://scg-ltd.com/.
Key highlights:
- In order to enrich the Group's marketing product mix, the
Company, through a wholly owned subsidiary, subscribed for a 55%
interest in New Sky Global Media, a digital marketing services
provider.
- New Sky Global Media contract wins with Tenet, a Multi-Channel
Network provider, a subsidiary of GD.QQ.COM and Suncity Group
Leisure Services Limited.
- Memorandum of Understanding signed with Guangdong HuaCheng
Technology Limited, the national agent of Tencent Regional
Marketing Pioneer ("Tencent RMP Car"), to form a new equity Joint
Venture company that will obtain and own a license to operate
Tencent RMP Car's activities across China. Tencent RMP Car is a
leading Chinese online portal developed by Tencent, providing car
related information, news, professional reviews and sales enquiry
services.
Nelson Law, Executive Chairman commented:
"The mobile gaming, payment and advertising sector in China and
across the Asian region remains buoyant and weathers macroeconomic
instability and the ongoing trade dispute with the United States.
Digital relationships between consumers and merchants continue to
change, and where there is change, there will always be
opportunity. In this regard our investment in New Sky Global Media
enables us to tap into the countless opportunities that arise from
the Asian digital marketing space. Being a preferred overseas
licensed operator of Tencent products and services also allows us
to exploit opportunities domestically in China, such as Tencent RMP
car; as well as using data driven solutions to help overseas
merchants target inbound Chinese travelers and expats.
"We are in advanced discussions to secure the funding needed to
monetize these opportunities fully and look forward to updating the
market in due course."
-Ends-
Enquiries
Sealand Capital Galaxy Limited
Law Chung Lam Nelson, Executive Chairman + 44 7537959788
Belvedere Communications +44 20336872756
Notes to Editors:
-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the
investment and acquisition of IT and social media businesses in the
APAC region with high growth potential.
-- The Company's Shares are traded on the Official List of the
London Stock Exchange's main market for listed securities under the
ticker SCGL.
-- Further information on Sealand is available on its website http://www.scg-ltd.com/
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's directors in good faith
based on the information available to them up to the time of their
approval of this announcement but such statements should be treated
with caution due to inherent uncertainties, including both economic
and business factors, underlying such forward-looking information.
This announcement has been prepared solely to provide additional
information to shareholders to assess the Group's strategies and
the potential for those strategies to succeed. This announcement
should not be relied on by any other party or for any other
purpose.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IR LRMATMBJTBAL
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