Completion of Disposal

RNS Number : 2637S

Sealand Capital Galaxy Limited

22 June 2018

 

For immediate release: 22 June 2018

Sealand Capital Galaxy Limited

("Sealand", or "Company")

Completion of Disposal of SecureCom Media Holdings Limited

Following the announcement made on 12^th June 2018, Sealand Capital Galaxy Limited is pleased to announce that the sale of its entire holding in SecureCom Media Holdings Limited ("SecureCom") to Creative Alpha Limited ("Creative Alpha" or the "Purchaser"), (the "Proposed Disposal") has now been completed.

The total consideration for the Proposed Disposal is £10,000.

Law Chung Lam Nelson, Chairman and Chief Financial Officer, commented:

"Now that the disposal is complete it is important that Sealand looks to the future. We are determined to build a strong, robust business focused on the opportunities and synergies between the Chinese market and the United Kingdom, especially in the mobile payments sector. As we have previously stated, we will continue to deploy our capital to add further impressive companies to our portfolio while seeking to provide growth and returns to our shareholders."

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Enquiries

Sealand Capital Galaxy Limited
Law Chung Lam Nelson, Chairman and Chief Financial Officer	+ 44 7537959788
Nicholas Lyth, Non-Executive Director	+ 44 7537959788
Belvedere Communications
John West	[phone]
Kim van Beeck	[phone]
Llewellyn Angus	[phone]

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.

 

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