SYSWIN Inc. (Syswin) is a primary real estate service provider in China. The Company primarily provides real estate sales agency services to property developers relating to new residential properties, and its net revenue derived from sales agency services represented 97.1% of its total net revenue during the year ended December 31, 2009. It also provides real estate consultancy services, which include project consultancy services offered to developer clients and primary land development consultancy and agency services provided to primary land developers. As of December 31, 2009, the Company had operations in 17 cities throughout China. It conducts its primary real estate services business through Syswin Xing Ye and its subsidiaries. Syswin provide primary real estate services in China to
property and land developers with a focus on residential properties. The Company operates in two business segments: real estate sales agency services and real estate consultancy services.
SYSWIN Inc. Ameri (NYSE:SYSW) is very active today and traded between $1.76 - 1.89 with total traded volume of 21211 shares. At a current price of 1.87, SYSW is +0.27 - +16.87% from the previous close of $1.60. Moreover, At Current Market Price, SYSW is in distance of +35.54% from its 50-day Moving Average price of $1.3797 and +47.01% from its 200-day Moving Average price of $1.272.
SYSWIN Inc. (NYSE: SYSW) 18.1% HIGHER; announced that its Board of
Directors has received a preliminary non-binding proposal letter dated
September 7, 2012 from Mr. Liangsheng Chen ("Mr. Chen"), Chief Executive Officer,
President and a director of the Company, to acquire all of the outstanding
shares of the Company not currently owned by him and his affiliates in a going
private transaction for US$0.50 per ordinary share and US$2.00 per American
Depositary Share ("ADS", each ADS representing 4 ordinary shares) in
cash. The chief executive of Syswin Inc. (SYSW, $1.86, +$0.26, +16.25%) has
offered to take the Chinese real estate company private in a cash deal valuing
it at about $97 million. Mr. Liangsheng Chen, who owns just under 60% of Syswin
and is also its president and a director, has offered to acquire the rest of
the company that isn't already owned by him for 50 cents an ordinary share and
$2 an American depository share, with each ADS representing four ordinary
shares. The offer is a 25% premium to the company's closing price Thursday.
