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Pin to quick picksSealand Cap Regulatory News (SCGL)

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Business Strategy Update

29 Mar 2019 07:00

RNS Number : 3982U
Sealand Capital Galaxy Limited
29 March 2019
 

For release: 07.00, 29th March 2019

 

Sealand Capital Galaxy Limited

 

("Sealand", or the "Company")

 

Business Strategy Update: New Sky Global, Tencent Anime Comics Game and Tencent Car

 

Sealand Capital Galaxy Limited (LSE: SCGL), announces three new initiatives as it continues to exploit its close relationship with Tencent, China's Internet-based technology and cultural enterprise.

 

New Sky Global

Sealand announces that it intends (subject to final contract) to acquire a controlling majority stake in New Sky Global, a new digital marketing and advertising business that will have a licensing agreement with Tencent and other top tier's global media and publisher. New Sky Global will use accurate targeting, report analysis and experienced consultation services to offer marketing and advertising campaigns to overseas merchants using the full range of Tencent Advertising Channels and other platforms. The new subsidiary will be able to personalize projects for different merchants signed to their platform, allowing them to create tailor-made campaigns. These services will complement those offered by ePurse, Sealand's wholly owned subsidiary, which already provides a range of services to merchants in Hong Kong, UK and Dubai wishing to target outbound Chinese consumers, travellers and tourists using WeChat Pay, WeChat Official Accounts and WeChat Advertising.

 

Tencent Anime Comics Game ("TACG")

Tencent will be holding the first ever annual Tencent Animation Comics Game Carnival, targeting the 200 million people in China, who are regular users of products related to anime, comic and video games. This event will be held in at least 13 regions of China between May and September this year and will bring together the largest Chinese gaming, comic and anime community through Tencent, the largest video games publisher in the world by revenue. TACG is a great opportunity for companies to raise brand awareness in China and reach new audiences. Sealand plans to set up a new subsidiary company to manage the TACG Carnival. It will become the exclusive organizer of the events, responsible for all logistics, as well as for selling sponsorships, advertising and developing brand partners. Sealand is already talking to a number of high-profile brands, such as well-known US car manufacturers and global luxury goods providers. As sole operator and promotion partner of TACG's First Annual Carnival, Sealand believes that there is a great opportunity to attract more Chinese customers, as authors are continually adding Chinese elements and designs into TACG products.

 

Tencent Car

QQ.com, a China's leading online portal that owns by Tencent, has a broad real-time news coverage and a full range of innovative information services, the website provides a rich online life to 698 million of internet users. Tencent Car (auto.qq.com) is a key category under QQ.com, it allows users to search for both new and second-hand cars with a number of different filters such as price, performance and manufacturer, it also provides news and information related to vehicles. Subject to Chinese regulatory approval, Sealand will form a new Joint Venture company, which Sealand will own a significant equity stake, to obtain the license of Tencent Car. As Sealand expands its digital marketing offering, it will do the same with Tencent Car, using its subsidiaries to create more effective marketing campaigns on the platform. It will also seek other possibilities in developing new auto business with Tencent Car.

 

Nelson Law, Executive Chairman commented:

 

"Sealand is at a significant inflection point in its development. These three important new strategic initiatives will transform our business and fit well with our existing ePurse and Rightyoo business activities. Our ambition is to become Tencent's overseas trusted partner and offering merchants more effective digital marketing campaigns across a number of different medias."

 

-ends-

 

 

Enquiries:

 

Sealand Capital Galaxy Limited

Law Chung Lam Nelson, Executive Chairman

+44 (0) 7537 959788

Belvedere Communications

John West

+44 (0) 2036 872756

Kim van Beeck

+44 (0) 2036 872757

 

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/

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.
 
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UPDJPMPTMBBTBFL
Date   Source Headline
6th Jul 20207:00 amRNSRestructuring of ePurse and formation of new JVs
1st Jul 20204:35 pmRNSPrice Monitoring Extension
26th Jun 20204:40 pmRNSSecond Price Monitoring Extn
26th Jun 20204:35 pmRNSPrice Monitoring Extension
26th Jun 20202:06 pmRNSSecond Price Monitoring Extn
26th Jun 20202:00 pmRNSPrice Monitoring Extension
26th Jun 202011:05 amRNSSecond Price Monitoring Extn
26th Jun 202011:00 amRNSPrice Monitoring Extension
25th Jun 20207:00 amRNSFormation of new Joint Venture
17th Jun 20207:00 amRNSMarket Update
5th Jun 20207:00 amRNSPublication of Annual Report
19th Nov 20197:00 amRNSAppointment of Broker
14th Oct 20197:00 amRNSFORMATION OF NEW JV AND UPDATE ON SUNCITY CONTRACT
2nd Oct 20192:05 pmRNSSecond Price Monitoring Extn
2nd Oct 20192:00 pmRNSPrice Monitoring Extension
30th Sep 20197:00 amRNSUnaudited Interim Results
14th Aug 201910:48 amRNSTR-1
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10th Jun 20197:00 amRNSAppointment of Non-Executive Director
4th Jun 20197:00 amRNSMemorandum of Understanding signed to create JV
20th May 20197:00 amRNSNew contract win for New Sky Global Media
14th May 20197:00 amRNSAcquisition of stake in New Sky Global Media
8th May 20197:00 amRNSDirectorate Change
1st May 20197:00 amRNSPublication of Annual Report
29th Mar 20197:00 amRNSBusiness Strategy Update
12th Mar 20199:26 amRNSTR-1
6th Mar 20197:00 amRNSePurse Update
21st Feb 201910:32 amRNSAppointment of NED
4th Feb 20193:11 pmRNSResult of AGM and Directorate Change
17th Jan 20192:06 pmRNSHolding(s) in Company
11th Jan 201910:41 amRNSNotice of AGM
9th Jan 20193:50 pmRNSCorrection: Appointment of Auditor
28th Dec 201810:00 amRNSAppointment of Auditor
12th Dec 201810:16 amRNSChange of Adviser
21st Nov 20187:00 amRNSStrategy Update: Launch of ePurse (HK) Ltd
31st Oct 20181:49 pmRNSUnaudited Interim Results
30th Oct 20188:00 amRNSRestoration of Trading
29th Oct 20187:00 amRNSPublication of Annual Report
13th Jul 201810:35 amRNSBoard Change and Appointment of Non-Exec
29th Jun 20187:40 amRNSBoard and Directorate Change
22nd Jun 201811:40 amRNSCompletion of Disposal
12th Jun 20189:35 amRNSUpdate on Disposal of SecureCom
30th Apr 20187:00 amRNSTemporary Suspension
20th Apr 20187:00 amRNSFurther re proposed disposal
10th Apr 201812:08 pmRNSHolding(s) in Company
6th Mar 201811:22 amRNSUpdate on Business
14th Feb 201811:17 amRNSStatement re Lock-in
11th Dec 20179:18 amRNSAgreement

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