Loading AI tools
Chinese conglomerate From Wikipedia, the free encyclopedia
Nenking Group (simplified Chinese: 能兴集团; traditional Chinese: 能興集團; pinyin: Néngxīng Jítuán), or Nanhai Nenking (simplified Chinese: 南海能兴; traditional Chinese: 南海能興; pinyin: Nánhǎi Néngxīng), is a Chinese conglomerate founded on 28 March 1998 and based in Foshan, Guangdong, providing Real Estate, Property Management, Financial, Sports Culture, Pharmaceuticals, Investment Abroad, Trade Purchases services over the Pearl River Delta Metropolitan Region of China.[1][2]
| |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1998 in Foshan, Guangdong, China |
| Founder | Zhong Naixiong |
| Headquarters | |
Area served | China |
Key people |
|
| Services | Real estate, property management, Financial, Sport culture, Pharmaceuticals, overseas investment, Trade purchases |
| Subsidiaries | Guangzhou Loong Lions |
| Website | www |
| Nenking Group | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 能兴集团 | ||||||
| Traditional Chinese | 能興集團 | ||||||
| |||||||
| Alternative Chinese name | |||||||
| Simplified Chinese | 南海能兴 | ||||||
| Traditional Chinese | 南海能興 | ||||||
| |||||||
Nenking is the owner of a CBA team called the "Guangzhou Loong Lions", and it is also the title sponsor of Hong Kong "Eastern Sports Club", including "Eastern Football Team" and "Eastern Basketball Team". In 2018, Nenking started stepping in esports, organizing an OWL team for Guangzhou named the "Guangzhou Charge".
In April 2020, Nenking Group officially became the owner of the Football Club Sochaux-Montbéliard, one of the founding members of the French League.[15][16] "This sale to the group whose founding president is Mr. Zhong Naixiong comes in accordance with the agreements previously made with Ledus" and Frankie Yau become president.
At the time, the club's newly-appointed Executive Director General Samuel Laurent said Nenking Group chairman Zhong Naixiong wanted to restore the club's status as a top-tier team in "three or four years".
During the 2022/2023 season, the club faced financial difficulties and needed a capital injection from Nenking in order to remain in the French Ligue 2. In July 2023, Nenking announced that they wouldn't inject capital and the DNCG (the organization responsible for monitoring and overseeing the accounts of professional association football clubs in France) relegated Sochaux to National (French Football 3rd Division) due to their financial problems. The club now faces a potential Bankruptcy. As a result, the FC Sochaux-Montbelliard would lose its professional football club status and would be relegated to the 6th Division. [17]
While Romain Peugeot, the great-grandson of the club's founder, had concluded an agreement for a takeover offer allowing the group to remain a 33% shareholder of FC Sochaux-Montbelliard,[18] Nenking did not respect his commitment to pay the 4 million euros planned.[19] The objective of the operation was to avoid the bankruptcy of the club and to allow it to return to the French Ligue 2 championship.
The club was founded nearly a century ago by French automobile company Peugeot and they won the top division league title in the 1934–35 and 1937–38 seasons, the French League Cup in 2004 and the Coupe de France, the country's premier knockout cup competition, in 2007. [20]
The Nenking company sold FC Sochaux on 25 August after causing a chaotic management situation that almost led to the demise of a club that was almost a hundred years old.
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
