6th Jul 2020 21:45
Sealand Capital Galaxy Ltd - Cayman Islands-headquartered investment firm - Says ePurse business has been restructured. It is now owned by Tengwuyang Holdings Ltd, a joint-venture formed with Tenet, which is itself a subsidiary of Tencent - Dayuewang. Sealand also forms separate joint-venture company with Famous Biotech Co named Hyrax. Sealand will hold 40% stake in Hyrax, "the sole distributor of cod fish maw products in China, Hong Kong and Macau". Sealand shares surged 58% on Monday.
Current stock price: 2.50 pence
Year-to-date change: up more than fivefold from 0.45p on January 2.
By Eric Cunha; [email protected]
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