HANZHONG, China, Dec. 9 /PRNewswire-Asia/ -- China HGS Real Estate Inc. (OTC Bulletin Board: CAHS) ("China HGS" or "the Company"), a leading residential property developer in Hanzhong, China held a celebration on December 5, 2009 to recognize the quotation of the Company's common stock on the OTC Bulletin Board ("OTC BB").
China HGS common stock was quoted on the OTC BB beginning on August 31, 2009 after the Company completed a reverse merger with China Agro Sciences Corp. The celebration took place in Hanzhong with several Government officials, industry players and academics in attendance to celebrate China HGS debut in the U.S. capital markets. China HGS is the first company in Hanzhong to list on a US stock market.
"We are excited to be the first company in Hanzhong to list on a U.S. stock market. We believe this was an important step for us as we seek a higher platform for our rapidly expanding real estate development operations and strategic growth plans," said Mr. Xiaojun Zhu, Chief Executive Officer of China HGS. "We are also focused on enhancing our transparency and corporate governance practice to improve investor communication. In the short term, our plan is to obtain listing of our common stock on a major U.S. stock market and to further our growth through additional real estate development projects in Hanzhong."
About China HGS Real Estate Inc.
China HGS Real Estate Inc., through its wholly-owned subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd., specializes in real estate development in China's second-tier and third-tier cities. The Company's real estate properties include multi-layer, sub-high-rise, and high-rise apartment buildings. The Company possesses the national grade II real estate qualification and was ranked as the No. 1 property developer in Hanzhong, Shaanxi Province in terms of market share in 2007 and 2008 successively.
Forward-looking Statements:
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.
For more information, please contact:
Company Contact:
Mr. Ran Xiong, Deputy GM
Email: xr968@163.net
Tel: +86-916-2622612
Investor Relations Contact:
Mr. Crocker Coulson, President
Email: crocker.coulson@ccgir.com
Tel: +1-646-213-1915 (NY office)
