October 25, 2010 (FinancialWire) Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Gold Horse International, Inc., (OTCBB: GHII), a Chinese business group said it is proceeding with one new real estate development project and one new construction project, scheduled to begin this fall and reach completion by year-end 2011.

The first of these, the Tianti Housing Project, is a construction project — with the firm’s construction segment acting as general contractor — which will consist of seven residential buildings with a total construction area of 90,606.65 square meters.

Underway last month, Gold Horse said the anticipated completion date is December 2011, with total estimated revenue of $26.4 million and estimated gross profit of $3.4 million.

The next project, Shuian Renjia, will be developed by the firm’s real estate business in cooperation with its construction company, and will consist of two buildings each with 17 floors and a total of 364 apartments. The total development area will amount to 56,841.2 square meters.

This project is expected to be completed by May 2011 and requires a total investment of 140 million RMB or about $21 million. The completion of this project is expected to yield revenues of 220 million RMB or $32.9 million.

China-based Gold Horse International, through its wholly owned subsidiaries, controls and operates Inner Mongolia Jin Ma Construction Co., Ltd., Inner Mongolia Jin Ma Hotel Co., Ltd., and Inner Mongolia Jin Ma Real Estate Development Co., Ltd., all based in Hohhot, the regional capital of Inner Mongolia Autonomous Region in China.

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