Sealand Capital Galaxy Limited Market Update (8336G)
November 30 2020 - 1:00AM
UK Regulatory
TIDMSCGL
RNS Number : 8336G
Sealand Capital Galaxy Limited
30 November 2020
For release: 07.00, 30 November 2020
Sealand Capital Galaxy Limited (LSE: SCGL)
("Sealand" or "the Company")
Market Update
New Sky Global Media Limited: Contract Extension
Sealand Capital Galaxy Limited (LSE: SCGL) is delighted to
announce an extension to the contract between its subsidiary, New
Sky Global Media Limited ("NSG"), and Suncity Group Leisure
Services ("Suncity"), which is based in Macau and owns hotels and
resorts across Asia.
NSG is a digital marketing and advertising company which
provides professional 'one-stop' solution services to multinational
corporations. The Company announced on 6 November 2020 that NSG had
been awarded a new contract by Suncity, a longstanding client, to
set-up and operate a new Douyin (more commonly known outside of
China as TikTok) campaign to promote Suncity's opportunities around
the 67th Macau Grand Prix.
This project has now been formally extended and NSG will provide
Douyin with operation and management services for the Suncity
Douyin Official Account until 31 March 2021. NSG will be paid a
consideration of USD 67,000 for the contract extension which will
be jointly executed by NSG and its partner Tenet, who will provide
a total of 20 Douyin short videos to share on Suncity's Official
Account. Work will include content planning, shooting,
post-production and release.
Nelson Law, Executive Chairman of the Company, commented:
"This contract between NSG and Suncity was initially signed for
a consideration of USD 45,000, and we are very pleased to confirm
an extension to the contract resulting in an additional USD 67,000
of revenue for NSG. The extension by Suncity is a clear validation
of the quality of NSG's work and is a testament to the good service
that NSG has delivered to Suncity.
" As Macau is now virtually COVID-19 free, and customs clearance
with various parts of China has been reestablished, NSG has also
begun to discuss further marketing plans for Suncity in 2021."
This announcement contains information which, prior to its
disclosure, was inside information for the purposes of Article 7 of
EU Regulation 596/2014.
-Ends-
Enquiries:
Sealand Capital Galaxy Limited
Law Chung Lam Nelson, Executive + 44 (0) 753 795
Chairman 9788
Novum Securities Limited
+ 44 (0) 20 7399
David Coffman 9400
Notes to Editors:
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/
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END
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