January 26, 2004

Sinchi have put into action a business plan they claim that will allow the club to become financially independent within 2 years time.

According to Sinchi vice-chairman Wang Jinhui, a group of 6 businessmen from China & Singapore had pumped in up to $1 million to set up Sinchi commercial arm called Sinchi Enterprise Pte Ltd. The company board has decided to operate business in the area of food & entertainment, sport events & import & export ventures.

A vast majority of the profits engineered by the company will be pumped into the Sinchi to develop into a powerhouse in both the league & Asia. Wang Jinhui believed this is the right step for Sinchi to take as the club do not received any subsidies from the league & an over-reliant on sponsorship money could caused the club problems in the event a major sponsor could not be secured.

Sinchi should know the dangers of such events happening as they have lost several of their sponsors including their major sponsor Lifei Group before the season started.

However Wang Jinhui has reveal that the club has strike a deal with a Chinese real estate company to become its major sponsor. At the moment, he cannot reveal the Chinese real estate company as they are not ready but he promise to hold a press conference to reveal all the details once everything is fixed.

Talks are also ongoing with others parties to replace the departing sponsors.