China's Lander changes firm's name, now a sports business

Lander Real Estate Co. Ltd., a listed enterprise based in Shenzhen, lately announced that it had changed the firm’s name to Lander Sports Development Co. Ltd., with the business scope shifted entirely from property investment to sports.

Lander Sports Development Co. Ltd.’s business scope embraces the organization of sports activities; design, construction and management of stadiums; research and sales of sporting goods as well as engaging in sports agency business, according to the filing.

Lander signed a framework partnership agreement with Macau casino-resort operator The Venetian Macao Ltd. to co-develop sporting events in late May, which entailed both parties co-organising and broadcasting large-scale sports events. But the deal was later terminated, although the reason has not been disclosed by either Lander or Venetian Macao.

Prior to the agreement with Venetian Macao, Lander had established a broadcasting company in Macau with the aim of tapping into the international market of sports games and broadcasting, and introducing major sporting events to the audiences of Mainland China.

Taken from Macau Business Daily