Inglis Doubles Up on Yulong Race Series in China

Inglis Doubles Up on Yulong Race Series in China

Inglis Doubles Up on Yulong Race Series in China

Inglis is pleased to announce it has doubled its sponsorship of the Yulong Race Series in China, taking its total financial support to RMB 2million.

The Yulong Race Series is contested over several heats for Inglis graduates racing in China. The final is the Inglis China-Australia Cup, which this year was the richest race ever run in China at RMB 1million.

It is contested at Mr Zhang’s Yulong racecourse in Shanxi.

It is hoped the increased financial support of the race series will boost the development and quality of racing in China.

“Without doubt the potential of the racing industry in China is still largely unrealised and Yulong should be congratulated and supported for their efforts in unlocking this potential,’’ Inglis deputy chairman Arthur Inglis said.

“We have been immensely impressed with the progress Mr Zhang has made towards his vision for quality racing in Shanxi province.

“In a short time the standard of facilities and horse care have been established to a high level and we have supported for some time in recognition of this, and intend to do so for a long time to come.’’

Mr Zhang was grateful of the support.

“This prizemoney increase will absolutely boost the development of racing in China and for that support I am extremely humbled,’’ Zhang said.

“This is a determined action by Inglis of pushing racing forward in China. The entire Chinese industry will be thankful for this.’’

In its second year, this year’s Inglis China-Australia Cup, contested earlier this month, was won by Purrealist colt Striking Eagle, a $55,000 purchase from the 2016 Inglis Ready2Race Sale.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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