Business
Completion of Disposal
Completion of Disposal.
About this update from Sealand Capital Galaxy Ltd.
[{"type":"text","content":"\n \nRNS Number : 2637S Sealand Capital Galaxy Limited 22 June 2018 \n\nFor immediate release: 22 June 2018\n \nSealand Capital Galaxy Limited\n(\"Sealand\", or \"Company\")\n \nCompletion of Disposal of SecureCom Media Holdings Limited\n \nFollowing the announcement made on 12th 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.\n \nThe total consideration for the Proposed Disposal is £10,000. \n \nLaw Chung Lam Nelson, Chairman and Chief Financial Officer, commented:\n \n\"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.\"\n \n \n-ends-\n \nEnquiries\n\n\n\n\nSealand Capital Galaxy Limited\n\n\n \n\n\n\n\nLaw Chung Lam Nelson, Chairman and Chief Financial Officer \n\n\n+ 44 7537959788\n\n\n\n\nNicholas Lyth, Non-Executive Director \n\n\n+ 44 7537959788\n\n\n\n\n \n\n\n \n\n\n\n\nBelvedere Communications \n\n\n \n\n\n\n\nJohn West\n\n\n+44 2035670510\n\n\n\n\nKim van Beeck\n\n\n+44 7477967446\n\n\n\n\nLlewellyn Angus\n\n\n+44 7407023147\n\n\n\n\n \nNotes to Editors:\n\nSealand 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.\nThe Company's Shares are traded on the Official List of the London Stock Exchange's main market for listed securities under the ticker SCGL.\nFurther information on Sealand is available on its website http://www.scg-ltd.com/\n\n \nDisclaimer\n \nThis 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 statemen...