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INVESTMENT IN PROPERTY DEVELOPMENT

12 Months Ended

Jun. 30, 2012

Note 15. INVESTMENT IN PROPERTY DEVELOPMENT (In Thousands)

The following table presents the Company’s investment in property development in China as of June 30, 2012.

	Investment Date	Investment Amount (RMB)		Investment Amount (U.S. Dollars)
Investment in developments - JiaSheng	08/27/2007		10,000		1,564
Investment in developments - JiaSheng	12/27/2007		5,000		782
Return of investment in developments - JiaSheng	06/26/2008		(5,000)		(782)
Return of investment in developments - JiaSheng	10/23/2008		(1,988)		(311)
Return of investment in developments - JiaSheng	11/20/2009		(1,988)		(311)
Return of investment in developments - JiaSheng	11/03/2010		(2,651)		(415)
Return of investment in developments - JiaSheng	11/08/2010		(723)		(113)
Return of investment in developments – JiaSheng	11/09/2010		(301)		(47)
Return of investment in developments – JiaSheng	11/10/2010		(1,807)		(283)
Return of investment in developments - JiaSheng	11/12/2010		(542)		(84)
Total: Investment in property developments– Jia Sheng (project B-48 Phase 1)			--		--

In fiscal 2008, Trio-Tech (Chongqing) Co. Ltd. (“TTCQ”) entered into a Memorandum Agreement with JiaSheng Property Development Co. Ltd., (“JiaSheng”) to invest in a piece of property (project B-48 phase 1) with 24.91 acres owned and developed by JiaSheng located in Chongqing City, China, which was intended for sale after the completion of development. TTCQ invested RMB 15,000 and the Company recorded a return of investment totaling RMB 15,000. From fiscal 2008 through fiscal 2010 the Company recorded a return on investment totaling RMB 5,874, or approximately $937 and in fiscal 2011 recorded a return on investment amounting to RMB 3,976, or approximately $595. There were no new investments in property development made during the year ended June 30, 2012.