QUOTE AND NEWS
Benzinga  Apr 3  Comment 
SYSWIN (NYSE: SYSW) announced today that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of the proposal to approve the previously announced Agreement and Plan of Merger dated December 24, 2012 (the...
StreetInsider.com  Dec 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Equity+Offerings/SYSWIN+%28SYSW%29+Announces+%27Going+Private%27+Transaction/7969449.html for the full story.
Benzinga  Dec 26  Comment 
Some of the stocks that may grab investor focus today are: Aegerion Pharmaceuticals (NASDAQ: AEGR) reported that the US Food and Drug Administration approved its cholesterol drug. Aegerion shares fell 1.79% to close at $25.25 on...
Benzinga  Dec 24  Comment 
SYSWIN (NYSE: SYSW) today announced that it has entered into an agreement and plan of merger, dated December 24, 2012 (the "Merger Agreement"), with Brilliant Strategy Limited ("Parent"), a business company with limited liability incorporated...
StreetInsider.com  Dec 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/SYSWIN+Inc.+%28SYSW%29+Reports+Q3+Profit+of+%240.05ADS/7928120.html for the full story.
Benzinga  Oct 24  Comment 
SYSWIN NYSE: SYSW) today announced the appointment of Mr. Ray Han and Mr. Peng Zhang as directors to SYSWIN's Board of Directors. Ms. Zhenghui Wei has recently resigned as a director of the Company for personal reasons. Ms. Wei had been a member...
StreetInsider.com  Oct 15  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/SYSWIN+%28SYSW%29+Forms+Special+Committee+to+Mull+CEO+Chen%27s+Offer/7792116.html for the full story.
Benzinga  Sep 13  Comment 
SYSWIN (NYSE: SYSW), a leading primary real estate service provider in China, today announced that its board of directors (the "Board") has established a special committee of independent directors (the "Special Committee") to evaluate the...
Phil’s Stock World  Sep 10  Comment 
Courtesy of Benzinga. The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 7, 2012: Syswin Announces Receipt of 'Going Private' Proposal at $0.50 [...]
Benzinga  Sep 9  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 7, 2012: Syswin Announces Receipt of 'Going Private' Proposal at $0.50 Per Ordinary Share and $2.00 Per ADS The Offer: Syswin (NYSE: SYSW)...




 
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Syswin (NYSE:SYSW) is a Chinese based real estate sales agency. Syswin provides its services mostly to residential property developers who are in Beijing or Northern China in general. In terms of gross floor area of properties sold, Syswin was the largest in its industry in Beijing with 13% of the market, 4 times more than its closest competitor. The company focuses on building relationships with a relatively small set of key developers in the relevant regions.[1] As of the end of 2009, the Syswin had relationships with 36 land developers.[2]

Syswin expects that the Chinese housing market will continue to grow rapidly as the country's economy continues to grow. In particular the growth of China's middle class is expected to continue to drive the housing market. In addition, Syswin expects that real estate companies will become increasingly specialized as the market grows. This specialization will push real estate developers to outsource the sales aspects to outside companies like Syswin so that the developers can focus on their core competencies.[3]

The company's initial public offering of stock on the NYSE occurred on November 23, 2010. The company offered 9.6M ADSs each for $7. This was well below the initial range of 12M shares between $9.25 and $11.25. However, the company revised its range to $7-$8 and decreased the number of shares by 20%. The IPO raised a total of $67M. The lead underwriter of the deal was Morgan Stanley (MS).[4]

Syswin increased its total revenues from 2008 to 2009 by 57%. The company's reported total revenues of 433M RMB or $65M in 2010 was above both its 2007 and 2008 numbers. Syswin had reported a 16% in total revenues drop between 2007 and 2008. The company's net income also increased by 85% between 2008 and 2009 and rose to 152M RMB or $23M.[5]

References

  1. SYSW F-1/A 2010 PROSPECTUS SUMMARY "Our Company" pg 1
  2. SYSW F-1/A 2010 PROSPECTUS SUMMARY "Our Company" pg 2
  3. SYSW F-1/A 2010 PROSPECTUS SUMMARY "Industry Background" pg 2
  4. Renaissance Capital - IPO Home "Chinese real estate agency services provider SYSWIN prices IPO at $7 per ADS; raises $67 million" 23 Nov 2010
  5. SYSW F-1/A 2010 PROSPECTUS SUMMARY "Summary Consolidated Financial Data" pg 13
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