ha ha... no. Although I do have fond memories as a kid looking at new SWMs in the local enduro shop. They were awesome and exotic. I bet those guys were tired of me looking at the bikes every day. They were like this...
It's possible, that Shineray doesn't have the rights to use the name, according to one of the founding partners of SWM. Similar thing happened with Sherco... They were going to be the new Bultaco, until the person who owned the rights to the name stepped up.