Not Logged In
Industry news In-depth Data reports Calendars About us Contact us

Lander Sports to establish sports towns company with RMB 100m

By Nong Ruowen 07 Aug 2017

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

Please log in to make a comment.