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IN BRIEF: Sealand Capital says unaware of reason for share price rise

ALN

Sealand Capital Galaxy PLC - Asia-focused digital investor that offers financial and strategic support to entrepreneurs - Notes recent rise in its share price, confirming it knows of no reason for the increase. Sealand Capital’s stock price rise on Tuesday coincides with a surge in the share price for MobilityOne Ltd, a Kuala Lumpur-based e-commerce payment solutions provider. MobilityOne last week said its Malaysia subsidiary received conditional approval from Labuan’s financial services authority to establish an additional subsidiary to carry on its Islamic digital banking business. MobilityOne’s share price continued to rise on Tuesday after more than doubling last Wednesday. Further, RC365 Holding PLC, a payment solutions and fintech company operating primarily in east and southeast Asia, on Tuesday noted a jump in its share price, confirming it knows of no reason for its price rise. Shares in RC365 continued to climb on Tuesday.

Current Sealand Capital stock price: 0.60 pence each, up 20% on Tuesday afternoon in London

12-month change: down 81%

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