Business
REPLACEMENT: MOU WITH PARTNER IN GREATER CHINA
REPLACEMENT: MOU WITH PARTNER IN GREATER CHINA.
About this update from Sealand Capital Galaxy Ltd.
[{"type":"text","content":"\n\nREPLACEMENT\nFor immediate release\nChanges made:\nCity Yuxin Investment Management Partnership Enterprise (\"Changchun\")\nHas been changed to:\nGongqingcheng Yuxin Investment Management Partnership (Limited Partnership) (\"GQC\")\nThroughout the RNS\n \nSealand Capital Galaxy Limited\n \n(\"Sealand\" or the \"Company\")\n \nMOU SIGNED WITH PARTNER IN GREATER CHINA\n \nSealand Capital Galaxy Limited (the \"Company\") is delighted to announce the signing of a Memorandum of Understanding (MOU) with Gongqingcheng Yuxin Investment Management Partnership (Limited Partnership) (\"GQC\"). GQC, a registered company in Jiangxi Province, China (Company Registration No.: 91360405397261793J), specialises in investment management, investment consulting, project investment, and business information consulting. The MOU serves as an initial agreement between both parties to explore potential cooperation opportunities and establish a framework for future discussions.\n \nThe primary objective of the MOU is to facilitate the strategic development of both entities, foster stronger collaboration, jointly explore market prospects, and drive business innovation. Within the MOU, the Company and GQC will collaborate to identify areas of mutual benefit and explore potential cooperation in various domains. This includes the Company's planned relocation of its headquarters within China, with the targeted destination being Jiuting in Shanghai, China. Additionally, the optimisation of the Company's asset allocation will be a key focus area.\n \nThe cooperative efforts between the Company and GQC will encompass several facets, such as the Company providing GQC with resources and business channels pertaining to financial assets, while GQC will deliver asset allocation optimisation services to the Company. Close collaboration is expected across various business ventures within both companies.\n \nIt is important to note that the MOU serves as a preliminary agreement, and any collaboration between the Company and GQC is subject to further negotiations and due diligence. The terms and conditions of any future cooperation will be outlined in a formal agreement, to be negotiated by the involved parties.\n \nLaw Chung Lam Nelson, Executive Chairman commented:\n \n\"This strategic cooperation framework agreemen...