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LOAN RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Tables)
12 Months Ended
Jun. 30, 2012
Loan Receivable From Property Development Projects Tables  
Companys loan receivable from property development projects

The following table presents the Company’s loan receivable from property development projects in China as of June 30, 2012. The exchange rate is based on the date published by the Monetary Authority of Singapore as on June 30, 2012.

 

      Loan Amount     Loan Amount  
  Loan Date   (RMB)     (U.S. Dollars)  
Investment in  JiaSheng (Project B-48 Phase 2) 11/1/2011     5,000       786  
Investment in JiangHuai (Project - Yu Jin Jiang An ) 11/1/2011      2,000       315  
Net loan receivable from property development projects       7,000       1,101