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Renting Of Residential Property
From the time when 2017 saw its beginning, Sancai Holding Group or NASDAQ: SCIT i.e.NASDAQ : SCIT has spotlighted on housing property leasing industry. The Company serves important means in leasing housing properties from respective property proprietors on a long-term base. Besides, the experts and skilled workers focus on renovating and furnishing such properties very modestly and trendiest manner, and lease them out to respective occupants. As of 30thJune, 2019, the Company leased 11,434 properties from the part of property owners. On 1st July 2019, Sancai sold as well as transported leases of properties that numbered to 10,167.
Experience And Achievements
As per the day of this prospectus, the Company rented 1,267 properties from those who are the owners to those properties. During this phase, when NASDAQ: SCIT at https://www.webull.com/quote/nasdaq-scit assumed and directed in excess of 10,000 leases, it witness the claims for and prospects of an explicit system that creates a bond between the proprietors, occupants, and service providers resourcefully and unites internal operation and logistics management with customers acquisition management and development. The Company hired a body of efficient software engineers, also investing in a certain system development that provides landlords concerning property rental transactions. Its operation along with its knowledge and experience in the industry relating to housing rental business facilitated the experts to make out challenges along with implementing solutions in their own software.
Ultimately, in 2019, in the month of July the Company launched SanCaiJia, its exclusive Software-as-a-Service solutions abbreviated as SaaS.
Latest News: Real Estate Investment
Sancai Holding Group, a company investing on real estate in China, freshly filed with the SEC to rise to $30 million during the foremost public contribution. The company began operating via Sancai Real Estate. As said earlier, Sancai designed and launched SanCaiJia to serve the rental industry associated with real estate not excluding the domestic service providers. Xi’an, a Chinese company was established in 2017 and reserved $19 million as revenue for a duration of 12 months that ended on 31st March 2020. It prepares to get enlisted on the Nasdaq Composite (NASDAQ) under the SCIT symbol. Sancai Holding Group (NASDAQ: SCIT) filed in private on 30thJune, 2020. Univest Securities deserve significance being the one and only book runner concerning the deal. Not a single pricing term was revealed.
Investment Coverage
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