Lander Sports to set up a RMB 1 billion fund

On 23rd April Lander Sports Development CO LTD announced it intends to set up a Sports and Cultural Fund with Beijing Cultural Center Construction & Development Fund Management Co Ltd.

The fund size will be RMB 1 billion and will invest in global high-quality sports and cultural startups, especially those which focus on the culture industry, sports fashion and sports events operation.

Lander Sports is a Hangzhou-based public company which changed its main business from property development and sales to a sports-related business and changed its name from “LANDER REAL ESTATE CO LTD” to “LANDER SPORTS DEVELOPMENT CO LTD” in July 2015.

Beijing Cultural Center Construction & Development Fund Management Co Ltd, set up in August 2015, is 100 percent owned by Beijing Cultural Investment and Development Group Co Ltd. which is itself directly under the Beijing Municipal Government.

On 12th April Lander Sports Development CO LTD signed a strategic agreement with the Curling Champions Tour (CCT) China GmbH Switzerland to promote winter sports in China.

Source : Lander Sports

‍‍Proofread by Sean O Diobhilin ‍‍