- April 29, 2016
LONDON (Alliance News) – Sealand Capital Galaxy Ltd, a cash shell formed to acquire a target company or business in the social media sector, on Friday said it made a GBP46,553 loss before and after tax between May 22, 2015 and December 31 that year, and having listed in London in November.
In March 2016, the company signed a memorandum of understanding to acquire for GBP3.0 million in cash and shares Securecom Media Holdings Ltd, which has the global exclusive operating rights to the mobile application ‘Metalk’, developed by Logicquest Technology Inc.
Metalk is an application which safeguards users’ privacy and protects important correspondence data.
Sealand had cash in the bank and in hand of GBP733,187 at the end of 2015.
Shares in Sealand were untraded on Friday, having last traded at 13.90 pence.
By Samuel Agini; [email protected]; @samuelagini
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