VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
August 3: Lander Sports has released an official statement announcing that they will establish a wholly-owned subsidiary company specializing in the effective development, construction and management of sports towns around China. Lander Sports is expected to invest RMB 100m (US$14.9m) to set up this company and own 100% of its shares.
This subsidiary company will take charge of tendering and winning new sports towns projects for Lander Sports and conducting the construction and operation of them, as well as managing Lander Sports' current sports towns projects.
By setting up this company, Lander Sports will secure the overall management of these sports towns projects, which will enhance Lander Sports' competitiveness in winning more new projects. The new subsidiary company and its management will contribute to the increase in operation revenues so as to enhance their profitability.
Source: sohu
Proofread by Raymond Fitzpatrick
Related coverage
Lander Sports taps into sports insurance
05 May 2016
Vanke refused to invest in soccer and basketball
06 Jul 2015
Exclusive: the future of Chinese sports talent industry
14 Apr 2016
Linglong Tire in Thai sponsorship deal
27 Feb 2016
23 Oct 2014
More from Yutang Sports
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
Ingmar De Vos elected as the next ASOIF President
10 Apr 2024
VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023
Meet the world-class speakers on SportAccord’s Plenary sessions
23 Feb 2024
Yutang Sports
loading...