Sancai Holding Group Ltd

General Information
Business:

Since 2017, we have focused on the residential property rental industry in China. We leased residential properties from individual property owners on a long-term basis, renovated and furnished such properties in a clean and modern manner, and rented them out to individual tenants. As of June 30, 2019, we leased 11,434 properties from property owners. On July 1, 2019, we sold and transferred leases of 10,167 properties. As of the date of this prospectus, we leased 1,267 properties from property owners. During the period when we held and managed over 10,000 leases, we saw the demands for and opportunities of a system that connects landlords, tenants, and service providers efficiently and combines management of internal operations and logistics with management of customers acquisition and development. We recruited a group of software engineers and invested in the development of a system that serves landlords in property rental transactions. Our operation and experience in the residential rental industry enabled us to identify challenges and implement solutions in our own software.

Finally, in July 2019, we launched SanCaiJia, our Software-as-a-Service (SaaS) solutions. Our SanCaiJia solutions aim to serve the real estate rental industry and household service providers. Our clients include individual property owners, real estate management companies, leasing agencies, real estate agencies, apartments, decoration and renovation companies, and housekeeping and cleaning services. Customers of our clients have access to the software to view and connect with the agents to sign documents, pay rents, report repairs, etc. 

Industry: PREPACKAGED SOFTWARE
Employees: 231
Founded: 2017
Contact Information
Address No. 6 Fengcheng Second Road, Room 401 Xi’an Economic and Technological Development Zone Xi’an, Shaanxi Province, People’s Republic of China 710000
Phone Number +86-021-52212192
Web Address http://www.sancaijia.com
View Prospectus: Sancai Holding Group Ltd
Financial Information
Market Cap
Revenues $18.4 mil (last 12 months)
Net Income $6.5 mil (last 12 months)
IPO Profile
Symbol SCIT
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $30.3 mil
Manager / Joint Managers Univest Securities
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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