VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
November 8: Lander Sports has signed a deal with Zhihui Real Estate (Chinese: 智慧地产) to accelerate the construction of its sports projects, according to an official report.
The sports company’s subsidiaries, Hangzhou Lander Lingang, Hangzhou Lander Jiusha Sports, Lander Western Sports-Panlong Branch, Lander Sports Venue Management and Nanjing Lander Real Estate, also signed commission contracts with Zhihui, worth about 8 million yuan in total.
The contracts have become connected transactions since Zhihui and the subsidiaries share the same controller.
Lander Sports is currently looking to create a commercial model featuring sports towns, urban sports complexes and sports fitness stadiums. The company says that it aims to set up a mutually beneficial agreement through those contracts.
According to its first-half report 2017, the Shenzhen-listed company reported a total revenue of 996 million yuan, a 23.36% year-on-year decrease and 28.1574 million yuan in sports revenue, a 1002.69% year-on-year growth.
Source: stock.jrj.com.cn
Proofread by William Logsdon
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023 12:27
Related coverage
Lander Sports negotiating 8-billion-yuan sports town deal
08 Feb 2018
Lander Sports put an end to transfer of ownership
27 Feb 2019
Lander Sports to sell properties for CNY528m
28 Mar 2018
Owner of Southampton FC: Sport is my belief
26 Jul 2018
Lander Sports eyes the sports finance business
26 Feb 2018
More from Yutang Sports
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
SportAccord's interview with Sarah Gregorius: proactive actions are necessary to tackle online abuse
28 Apr 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
Squash will be significantly boosted by LA28 inclusion
17 Apr 2024
Yutang Sports
loading...