CHINA HGS REAL ESTATE INC.
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(Exact name of registrant as specified in its charter)
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Florida
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001-34864
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33-0961490
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(State or other jurisdiction of
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(Commission File Number)
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(IRS Employer Identification No.)
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incorporation or organization)
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6 Xinghan Road, 19th Floor, Hanzhong City
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Shaanxi Province, PRC 723000
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(Address of principal executive offices)
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(86) 091 - 62622612
(Registrant’s telephone number, including area code)
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N/A
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(Former name or former address, if changed since last report)
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Item 1.01
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Entry into a Material Definitive Agreement.
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Item 4.02.
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Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
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Item 9.01
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Financial Statements and Exhibits
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Exhibit No.
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Description
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10.1
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Land Use Right Transfer Agreement by and between Shaanxi Guangsha Real Estate Development Ltd. and Hanzhong Guangsha Investment and Development Group Co. Ltd, dated March 16, 2011 (English translation).
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10.2
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Loan Agreement by and between Zhu Xiaojun and Shaanxi Guangsha Investment and Development Group Co., Ltd., dated November 14, 2011 (English translation).
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CHINA HGS REAL ESTATE, INC.
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(Registrant)
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Date: December 23, 2011
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By:
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/s/ Xiaojun Zhu
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Xiaojun Zhu
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Chief Executive Officer, Chief Financial Officer and Chairman of the Board
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Party A:
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Hanzhong Guangsha Real Estate Development Ltd
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Party B:
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Shaanxi Guangsha Investment and Development Group Co., Ltd
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(1)
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Party A agreed to transfer the land use right covering 66 Mu property located in the West of Mingzhu street and close to Hanzhong airport to Party B.
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(2)
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Location of the property
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(3)
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Area of the property
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(4)
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Transfer price
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(5)
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Payment method
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(6)
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Party A is responsible for any disputes resulted from transfer of land use rights, area border and other matters and shall be responsible for any cost incurred from dispute.
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(7)
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Party A agrees Party B to start the preliminary planning on the property
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(8)
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If any matter is not covered by this agreement, both parties agree to negotiate in the supplemental agreement. The supplemental agreement has same legal authority as this agreement.
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(9)
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If there is any dispute incurred during executing this agreement, both parties agree to settle it with the local arbitration organization. If the matter cannot be settled by local arbitration organization, both parties shall appeal to the court.
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(10)
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This agreement has six copies, each party shall have three copies.
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