China HGS Reports Third Quarter of Fiscal Year 2014 Results

HANZHONG, China, Aug. 8, 2014 -- China HGS Real Estate Inc. (HGSH) ("China HGS" or the "Company"), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today reported its financial results for the third quarter of fiscal 2014 ended June 30, 2014 with the U.S. Securities and Exchange Commission. An electronic copy of the quarterly report on Form 10-Q can be accessed on the SEC's website at www.sec.gov.

Highlights for the Quarter

  • Total revenues for the third quarter of fiscal 2014 were approximately $28.9 million, an increase of 302% from approximately $7.2 million in the same quarter of fiscal 2013. Total revenues recognized from percentage of completion method were approximately $24.2 million, which accounted for 84% of total revenues in the third quarter of fiscal 2014.
Published: 08 August 2014
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Realogy Announces Agreement To Acquire ZipRealty For Approximately $166 Million

Strategic Addition of Brokerage Operations and Innovative Technology Platform Expected to Drive Incremental Revenue for Company-Owned, Franchise and Title Business Segments --- Each Company to Host Investor Call Today to Discuss Transaction

MADISON, N.J. and EMERYVILLE, Calif., July 15, 2014 -- Realogy Holdings Corp. (RLGY) and ZipRealty, Inc. (ZIPR) today announced that Realogy has entered into a definitive agreement to acquire ZipRealty for $6.75 per share in an all-cash transaction valued at approximately $166 million. With this transaction, Realogy is acquiring ZipRealty's residential brokerage operations with 23 offices across the United States and its leading-edge, integrated real estate technology platform, including its recently released private-label solution for brokers.

Published: 16 July 2014
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