Sealand Capital Galaxy Limited Business Strategy Update (3982U)
29 March 2019 - 6:00PM
UK Regulatory
TIDMSCGL
RNS Number : 3982U
Sealand Capital Galaxy Limited
29 March 2019
For release: 07.00, 29(th) 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.
END
UPDJPMPTMBBTBFL
(END) Dow Jones Newswires
March 29, 2019 03:00 ET (07:00 GMT)
Sealand Capital Galaxy (LSE:SCGL)
Historical Stock Chart
From Apr 2024 to May 2024
Sealand Capital Galaxy (LSE:SCGL)
Historical Stock Chart
From May 2023 to May 2024