China Housing & Land Development Secures Additional Bank Funding and Begins Construction of Its Third Dam on the Ba River

China Housing & Land Development, Inc., announced that it recently began constructing its third dam on the Ba river, adjacent to the company’s 487-acre Baqiao housing project. The dam is expected to be completed in the second quarter of 2009. The company expects to record $3.7 million in revenue and about $0.6 million in net income when the dam is finished. The dam will create a large lake about three meters deep on the Ba River that will increase...