SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024 14:34
September 13: Fujian SBS Zipper Science & Technology Co.,Ltd. have released a statement announcing that they had signed a one-year sponsorship deal with the Fujian Province based Chinese Basketball Association (CBA) club Fujian SBS Sturgeons, at a price of RMB 6 million (US$916k).
This deal will see Fujian SBS directly own 37% of the shares in the club, while its subsidiary company Fujian Xunxing Real Estate Development Co., Ltd will receive 50% shares in the club.
Under this agreement Fujian SBS will become the club's title sponsor for the upcoming 2017/18 season during which the Fujian SBS' logo will feature on the players' jerseys and all the activities related to the club. Also in the off-season and when players are not training, the club should attend not less than five commercial campaigns carried out by Fujian SBS.
Founded in 1992 and headquartered in Jinjiang, Fujian Province, Fujian SBS Zipper Science &Technology Co.,Ltd has become a leader in China's zipper industry. Fujian SBS Sturgeons was founded in 1999 and has been competing in the CBA league since 2003.
Source: stock.jrj.com.cn
Proofread by Raymond Fitzpatrick
Interview with Thomas Lund: to follow new trends and bring younger generations to the sport
17 Jun 2024 16:00
Related coverage
Chinese sportswear brand Health sponsors 5 national athletics teams
26 Aug 2015
Dongfeng Honda partners EAFF East Asian Cup
09 Jun 2015
Weimei E-commerce sponsored Women's Water Polo Tournament
10 Jun 2015
Chinese keyboard company Kika Tech partner with Real Madrid
01 Aug 2017
Why Huawei is investing big money in soccer?
13 Aug 2015
More from Yutang Sports
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Yutang Sports
loading...