China HGS Reports the Completion of Two Municipal Road Construction Projects
HANZHONG, China, March 24, 2014
HANZHONG, China, March 24, 2014 /PRNewswire/ -- China HGS Real Estate Inc.
(NASDAQ: HGSH) ("China HGS" or the "Company"), a leading regional real estate
developer headquartered in Hanzhong City, Shaanxi Province, China, today
announced that the Hanzhong government accepted the delivery of the two
municipal roads that were constructed by the Company on March 21, 2014.
In June 2012, the Company was approved by the Hanzhong local government to
construct two municipal roads, namely Mingzhu Road West and Liuhou Road. The
related construction was completed and the Hanzhong government performed its
quality inspections and accepted these two roads on March 21, 2014. The final
construction price for these two roads is approximately $3.16 million (RMB19,
483,589), which was approved by the Hanzhong Ministry of Finance.
Mr. Xiaojun Zhu, China HGS's Chairman and Chief Executive Officer, said, "We
are proud that our team was selected for these two important municipal road
construction projects as part of the Hanzhong City Urban Redevelopment
Program. We successfully completed these projects on a timely basis. It is a
new milestone for the Company, demonstrating our commitment to expand our
business to the future of Hanzhong City."
This press release contains certain statements that may include
'forward-looking statements'. All statements other than statements of
historical fact included herein are 'forward-looking statements'. These
forward looking statements are often identified by the use of forward-looking
terminology such as 'believes,' 'expects' or similar expressions, involve
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic reports that are
filed with the Securities and Exchange Commission and available on its website
http://www.sec.gov. All forward-looking statements attributable to the Company
or persons acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws, the Company
does not assume a duty to update these forward-looking statements.
About China HGS Real Estate, Inc.
China HGS Real Estate, Inc. (NASDAQ: HGSH), founded in 1995 and headquartered
in Hanzhong City, Shaanxi Province, is a leading real estate developer in the
region and holds the national grade I real estate qualification. The Company
focuses on the development of high-rise, sub-high-rise residential buildings
and multi-building apartment complexes in China's Tier 3 and Tier 4 cities and
counties with rapidly growing populations driven by increased urbanization.
The Company provides affordable housing with popular and modern designs to
meet the needs of multiple buyer groups. The Company's development activity
spans a range of services, including land acquisition, project planning,
design management, construction management, sales and marketing, and property
management. For further information about China HGS, please go to
President of Capital Market
China Phone: (86) 091-62622612
SOURCE China HGS Real Estate Inc.
Press spacebar to pause and continue. Press esc to stop.