08:00 Mon 06 Jul 2020
Sealand Capital - Restructuring of ePurse and formation of new JVs
For immediate release: 6th
Restructuring of ePurse and formation of new Joint Venture Companies
Sealand ("Sealand" or "the Company") is pleased to announce that it has restructured its ePurse business, which has now become a wholly owned subsidiary of
Qfang provides a range of marketing, advertising and e-commerce services on a variety of digital platforms including:
Qfang's team has over ten years' of global online marketing, promotion and e-commerce experience. The team have successfully executed multiple strategies for a variety of clients including: Graco and
The new JV will enable ePurse to offer a holistic e-commerce solution, providing merchants with a complete, turnkey solution ranging from market research to preparation, planning, promotion, operations and sales.
Hyrax
Separately, Sealand also today announces the formation of a second joint venture company, Hyrax, together with
Cod fish maw is a source of collagen, proteins, and nutrients. The collagen in the maw provides a wide variety of skin benefits, such as helping to improve tone and tissue health. Furthermore, in
Instant fish maw is a growing emerging market in
The imported cod fish maw is internationally certified. Global certifications of the maw include sustainable fish licenses from the
"We are pleased with the progress our Company is now making, having faced many macroeconomic and geopolitical headwinds in the last 12 months. We are now winning contracts and expanding our business offering. The restructuring of ePurse and its partnership with Qfang, through Tengwuyang and Tenet, will open up new online trading channels into
"Equally, we are very excited about our first direct foray into the food and cosmetic markets. Maw is a crucial component of these industries in the East. Our new JV with
"We will continue to develop all our businesses utilizing a wide range of channels into
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse
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Notes to Editors:
· The Company's Shares are traded on the Official List of the
· Further information on Sealand is available on its website http://www.scg-ltd.com/
Disclaimer
This 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 statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.
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