Lander Sports Development Co., Ltd. signed the cooperation framework agreement to acquire unknown stake in Zhejiang Laijing Sports Development Co., Ltd., Zhejiang Laiyin Sports Operation Co., Ltd., and Lander Sports Investment Co., Limited from Gao Jisheng and Lander Holdings Group Co., Ltd.
January 12, 2017
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Lander Sports Development Co., Ltd. (SZSE:000558) signed the cooperation framework agreement to acquire unknown stake in Zhejiang Laijing Sports Development Co., Ltd., Zhejiang Laiyin Sports Operation Co., Ltd., and Lander Sports Investment Co., Limited from Gao Jisheng and Lander Holdings Group Co., Ltd. on January 12, 2017. The consideration for the transaction will be paid in cash or shares. The transaction has been unanimously approved by the Board of Lander Sports Development.
Lander Sports Development Co.,Ltd., formerly Lander Real Estate Co., Ltd., is a China-based company principally engaged in the distribution and leasing of real estates, as well as the sale of energy and trading. The Company is also involved in sports operation. Its sports operation business includes sports events, sports media, sports finance, sports network, sports real estate and physical education. The Company also operates sports complex stadiums, gymnasiums and fitness centers in the football, basketball and winter sports areas. The Company mainly operates its business in Zhejiang Province and Shanghai, China.
Lander Sports Development Co., Ltd. signed the cooperation framework agreement to acquire unknown stake in Zhejiang Laijing Sports Development Co., Ltd., Zhejiang Laiyin Sports Operation Co., Ltd., and Lander Sports Investment Co., Limited from Gao Jisheng and Lander Holdings Group Co., Ltd.
LANDER SPORTS DEVELOPMENT CO., LTD. 
