StockMarketWire.com - Sealand Capital Galaxy said it had agreed to dispose of subsidiary SecureCom Media Holdings to Creative Alpha for a nominal consideration of £10k.

Sealand bought the advertising services business in February last year for £1m in cash and 10m ordinary shares in the company at 20p per share.

'Following an extensive review, the company's directors consider that in light of the competitive environment in which SecureCom operates, the business would require substantial additional capital in order to remain competitive, whilst the group's focus is on the development of its WeChat Pay business.'







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