Cleary Gottlieb represented the Special Committee of the Board of Directors of SYSWIN Inc. in a going-private transaction by Mr. Liangsheng Chen, CEO, President and a director of the company. As a result of the transaction, SYSWIN Inc. became a private company and will de-list from the New York Stock Exchange and terminate its SEC-reporting obligations as a public company. The merger agreement was executed on December 24, 2012 and the transaction closed on April 8, 2013.
SYSWIN Inc., a Cayman Islands company, is a leading primary real estate service provider in China and its American Depositary Shares have been listed on the New York Stock Exchange since November 2011.
