Proven Thoroughbreds has joined forces with Aquis Farm to form Aquis Sino Proven Chinese Syndications, an expansion of the current business model.
“It must be stressed that it will be business as usual for current and prospective clients of Proven Thoroughbreds,” proprietor Jamie Walter said.
“This syndicate is principally aimed at developing interest from the broader Chinese speaking community. Introducing a whole new group of owners to the Australian Horse Racing Industry and in a Chinese friendly way, is a challenging, though alluring prospect.
“In Australian racing, we have a top-class product combining buoyant racing with a burgeoning, world renowned breeding industry.
“All the Chinese syndicate horses will be prepared by leading trainers in Australia. They will be personally managed by myself and the Aquis Farm team to ensure this first experience of horse ownership for the Chinese will be of a high standard to hopefully increase the prospect of re-investment in the Australian Racing Industry over time.”
Justin Fung, CEO of Aquis Farm, added: “There are some incredibly big players from China investing in our industry, however, they are like the microscopic tip of an iceberg and we want this venture to attract the masses rather than the elite.”
The newly formed venture will be purchasing yearlings this season beginning at this week’s Magic Millions Gold Coast Yearling Sale.