China HGS Real Estate Inc. (CAHS.OB) Sets Record Results for Fiscal Year 2009
China HGS Real Estate Inc., a real estate developer based in Hanzhong, China that specializes in second- and third-tier cities, where rising GDP and disposable income drives demand for the Company’s apartment building properties, today announced record results for FY 09 (ending September 30, 2009). With a national grade II qualification for real estate and a ranking as the No.1 developer of properties (in terms of market share) for 2007 and 2008 in Hanzhong, Shaanxi Province, via its wholly owned subsidiary Shaanxi Guangsha Investment and Development Group Co., Ltd., CAHS is well-positioned to extend its success story into 2010 and…