Discover the SportAccord Summit sessions!
31 Jan 2024 23:49
Ledman Optoelectronic Co Ltd, a China’s professional manufacturer in LED industry, announced the company owner Li Man planned to invest up to 25 million euros ($27.39 million) in Infront Sports & Media AG.
Li Man, controlling shareholder of Ledman, would make equity investment personally across a Hong-Kong-based holding company of him, according to Ledman’s announcement.
The investment into Infront, acquired by Wanda Group earlier this year, aims at full participation in sports market globally and closer cooperation with international sports organizations, providing experience for Ledman’s newly opened football-related media sector and for the company’s ambitious strategy to explore the sports industry.
But Ledman, as a brand, will not participate in the equity investment in consideration of keeping business secret and avoiding potential risks in finance, taxation and lawsuits when setting up overseas investment.
Ledman Optoelectronic has been committed to the development of Chinese football industry since 2011 and has become a strategic partner of Chinese Football Association since then.
Source: Oriental Morning Post, Reuters
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Hansa Rostock get Chinese investment
01 Feb 2016
Interest in equestrian sports surges in China
04 Mar 2015
Ten predictions for 2015 Chinese sports industry
04 Jan 2015
Huajin Securities title sponsors WTA Elite Trophy Zhuhai
08 Oct 2015
Adidas and McGrady’s assistance to 3-on-3 Hoops Game in China
22 Apr 2015
More from Yutang Sports
Registration open - SportAccord World Sport & Business Summit
18 Dec 2023
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
Yutang Sports
loading...