Fan Mingke cancelled the acquisition of 29% stake in Lander Sports Development Co.,Ltd. from Lander Holdings Group Co., Ltd.
January 23, 2020
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Fan Mingke signed a share transfer agreement to acquire 29% stake in Lander Sports Development Co.,Ltd. (SZSE:000558) from Lander Holdings Group Co., Ltd. for CNY 1.3 billion on January 24, 2019. Under the terms, 373.9 million shares will be acquired. Fan Mingke shall pay the first share transfer price of CNY 300 million to the designated account of Lander Holdings Group Co., Ltd. before January 25, 2019 and pay the remaining amount before January 28, 2019. After the acquisition, Fan Mingke will become Lander Sports Development Co.,Ltd.'s controlling shareholder.
Fan Mingke cancelled the acquisition of 29% stake in Lander Sports Development Co.,Ltd. (SZSE:000558) from Lander Holdings Group Co., Ltd. on January 24, 2020.
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.