Gold Horse International Inc. today announced the timely completion of its Lanyu Garden project and also gave updates on various other projects in its pipeline.
Gold Horse said it was able to stay within budget for the Lanyu Garden project and that comprehensive inspections have been completed. The company also announced that its Fu Xing Committee Bath Center project will be completed in the third quarter of fiscal 2010.
“We are pleased to announce the timely completion of the key construction project to the highest standards, further solidifying our reputation as a valued and reliable contractor in Hohhot,” Liankuan Yang, chairman and CEO of Gold Horse stated in the press release.
In addition to updates on the Lanyu Garden and Fu Xing Committee Bath Center projects, Gold Horse announced it has completed the Inner Mongolia Chemistry College Chemistry School and received the initial annual installment of approximately $1.5 million.
Though the company didn’t release specifics, Gold Horse said it secured new construction work valued $44.2 million with an expected gross profit of $8.8 million.
Gold Horse also has several other projects on the calendar, including the Low-Rent Housing Construction project of Chasuqi Town, which is valued at $14.2 million. Jin Ma Construction Co. Ltd., controlled and operated by Gold Horse, began construction of the project in November 2009 and is scheduled to complete the project in June 2010 with an estimated gross profit of $2.9 million.
Jin Ma Construction Co. Ltd. is also working on the Jianhe Garden residential apartment, which it began in November of 2009, for the construction of 10 buildings. The project is expected to be complete in December 2010 with an estimated gross profit of $6.0 million.