Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
A group of investors led by China entrepreneur Chen Yihong has agreed to invest $29 million to develop a marina and real estate in the Boundary Bay area of the U.S. state of Washington.
China Dongxiang, a Hong Kong-listed sportswear supplier controlled by Chen, will indirectly invest $10.1 million, a company 100% owned by Chen will put in $15.9 million, and an independent party will add the rest, according to a statement today by China Dongxiang.
The group is making the investment to “further develop the sports tourism business,” China Dongxiang said in the statement.
The funds will be used to purchase a target company that owns a marina and 149 acres of surrounding undeveloped land.
Chen ranked No. 353 on the 2014 Forbes China Rich List with an estimated fortune of $750 million. He was a member of the 2011 Forbes Billionaires List with a fortune worth $1.4 billion, before dropping off the following year.
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
12 Aug 2016
Ronaldo Academy reaches agreements with Alibaba Sports
19 Nov 2015
Wang Jianlin interested in Tour de France
01 Mar 2016
Rastar Group to increase shareholding in Espanyol
31 May 2016
China Sports Industry Group fails to transfer equity
17 Apr 2017
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
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
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Yutang Sports
loading...