Last checked at 5 Jun 2020 07:00
For release: 07.00: 5th June 2020
Sealand Capital Galaxy Limited
("Sealand", or the "Company")
Publication of Annual Report
Sealand Capital Galaxy Limited (LSE: SCGL), announces that it has today published its Annual Report and Financial Statements for the year ended 31 December 2019 with respect to the Company and its subsidiaries (the "Group"). The Annual Report and Financial Statements are available to view on the Company's website at http://scg-ltd.com/.
A copy of the Annual Report and Financial Statements has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
Nelson Law, Executive Chairman, commented:
"2019 was a difficult time due to the economically disruptive effects of the political protests in Hong Kong. Despite the challenges brought on by the subsequent outbreak of COVID-19, the Group also sees opportunity. We are encouraged by early signs of economic recovery in Asia ahead of much of the world and an increased demand for digital solutions which economic and other commentators believe will outlast the passing of the pandemic: in an ever increasingly connected world, a process sped up further by COVID-19, the e-commerce bridges we are building between UK merchants and Chinese consumers certainly seem more apposite than ever before. We are emboldened by our ability to offer commercial solutions to businesses who are faced perhaps with increased social distancing and a world that is certainly moving ever more rapidly towards online shopping and away from physical stores."
"Our successful subscription for a 55% interest in New Sky Global Media Limited ("NSG"), a digital marketing services provider, in May 2019 followed by a second subscription in November 2019 are strategic decisions by the Group's Board which were validated by a RMB 4.5 million contract for services signed between NSG and a well established hotel group in Macau. NSG's expertise in offering digital marketing solutions to companies is yet another area in which demand is only set to grow. The business's proven results for clients, including millions of hits on hugely popular social media channels in China, is another offering for which demand is expected to increase."
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Enquiries
Sealand Capital Galaxy Limited |
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Law Chung Lam Nelson, Executive Chairman | + 44 7537959788 |
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Belvedere Communications | +44 20336872756 |
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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.