REG - Sealand Capital - MOU SIGNED WITH PARTNER IN GREATER CHINA

Sealand Capital GalaxyAnnouncement

06/06/2023 09:15

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RNS Number : 8012B  Sealand Capital Galaxy Limited  06 June 2023

For immediate release

 

Sealand Capital Galaxy Limited

 

("Sealand" or the "Company")

 

MOU SIGNED WITH PARTNER IN GREATER CHINA

 

Sealand Capital Galaxy Limited (the "Company") is delighted to announce the
signing of a Memorandum of Understanding (MOU) with Changchun City Yuxin
Investment Management Partnership Enterprise ("Changchun"). Changchun, 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.

 

The 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
Changchun 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.

 

The cooperative efforts between the Company and Changchun will encompass
several facets, such as the Company providing Changchun with resources and
business channels pertaining to financial assets, while Changchun will deliver
asset allocation optimisation services to the Company.  Close collaboration
is expected across various business ventures within both companies.

 

It is important to note that the MOU serves as a preliminary agreement, and
any collaboration between the Company and Changchun 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.

 

Law Chung Lam Nelson, Executive Chairman commented:

 

"This strategic cooperation framework agreement marks a significant milestone
for the Company, as it will bolster our competitiveness in the market and help
us to achieve our strategic objectives. We eagerly anticipate working closely
with Changchun to achieve mutual success and generate value for our
shareholders."

 

-Ends-

 

 Enquiries:

 Sealand Capital Galaxy Limited
 Law Chung Lam Nelson, Executive Chairman  + 44 (0) 753 795 9788

Notes to Editors:

 

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/ (http://www.scg-ltd.com/)

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