China HGS Signed its Second Shanty Area Rebuilding Project Agreement with a Budgeted Investment over US$750 million
HANZHONG, China, Sept. 2, 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 announced that the Company signed its second shanty area rebuilding framework agreement with the Hantai District government of Hanzhong City.
Pursuant to the agreement, the Company will be engaged in development of shanty areas surrounding the Lianhuachi Area located in the Hantai District, Hanzhong City. The estimated investment in the project is approximately US$750 million. The local government will coordinate with the Company to implement the reform plans. The Company will closely work with local government on the detail implementation plan and manage the project progress.
- Published: 02 September 2014
- Written by Editor