Sealand Capital Galaxy Limited Acquisition of stake in New Sky Global Media (8805Y)
14 May 2019 - 4:00PM
UK Regulatory
TIDMSCGL
RNS Number : 8805Y
Sealand Capital Galaxy Limited
14 May 2019
Strictly embargoed until: 07.00, 14 May 2019
Sealand Capital Galaxy Limited
("Sealand", or the "Company")
Acquisition of stake in New Sky Global Media Limited ("New Sky
Global")
Sealand Capital Galaxy Limited (LSE: SCGL) is pleased to
announce that on 13 May 2019, ecWay (France) Limited ("ecWay
France"), a wholly-owned subsidiary of the Company, agrees to
subscribe for, and New Sky Global agrees to issue, 120,000 new
ordinary shares in New Sky Global for a consideration of
HK$120,000. Upon completion, New Sky Global will be 55% owned by
the Company.
New Sky Global is a Hong Kong-incorporated digital marketing and
advertising firm, providing a full range of global digital
marketing strategies. New Sky Global assists merchants and
multinational corporations to simply and efficiently target
potential customers in different regions, especially in China.
New Sky Global has obtained licenses on the full range of
Tencent advertising channels and on mainstream Chinese media with
DSP platforms. New Sky Global has also built up strong connections
with Chinese social media influencers and KOLs (Key Opinion
Leaders). It can also organise digital advertising and marketing
campaigns across top tier global media. Its licensed platforms
cover over 46 countries and it can also help clients to advertise
on Chinese banks', such as Industrial and Commercial Bank of China
and Agricultural Bank of China, digital platforms.
Recently New Sky Global signed an overseas partnership agreement
with Tenet which is the MCN (Multi-Channel Network) company under
GD.QQ.COM. It creates short video productions as well as
promotional activities to help clients advertise their brand,
products and services on almost all popular short video platforms
in China. New Sky Global is able to offer its clients advice on
creating bespoke advertising solutions across a multitude of
platforms with delivery on a wide range of devices. By creating
tailor-made and effective campaigns return on investment is
increased.
Services offered by New Sky Global are complementary to those
already offered by ePurse, Sealand's wholly owned subsidiary and
the acquisition is expected to generate substantial commercial,
operational, marketing and customer acquisition benefits to the
Company. The synergies between the two companies will enable them
to share clients, customer networks, media platforms and other
resources. The combined offering will offer clients, typically
merchants who target Chinese travellers in Hong Kong, the UK and
Dubai, a one-stop-cross-border solution for WeChat Pay, WeChat
Official Accounts, and WeChat Advertising as well as access to a
wider range of Chinese and western media platforms.
Nelson Law, Executive Chairman Sealand, commented:
"Sealand's holding in New Sky Global will create synergistic
opportunities, especially for ePurse. Collectively, our group of
companies will reach more customers in different industries, across
more regions and on more platforms than ever before. ePurse will
naturally refer clients seeking more in-depth marketing solutions
to New Sky Global, which has a broader service offering. On the
reverse, New Sky Global will benefit from ePurse's deep
relationships with the WeChat platform and Tencent's services and
products."
-ends-
Enquiries:
Sealand Capital Galaxy Limited
Law Chung Lam Nelson, Executive Chairman
+44 (0) 7537 959788
Barney Battles, Non-Executive Director
+44 (0) 778 976 6242
Belvedere Communications
John West
+44 (0) 2036 872756
Llew Angus
+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
ACQEAKSDFADNEFF
(END) Dow Jones Newswires
May 14, 2019 02:00 ET (06:00 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