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SUBSEQUENT EVENT
12 Months Ended
Jun. 30, 2013
Subsequent Event  
Note 27. SUBSEQUENT EVENT (In Thousands)

Subsequent to fiscal year end, the board of directors approved management to dispose of the investment of 10% interest in joint venture with Chong Qing Jun Zhou Zhi Ye Co. Ltd. The carrying value of the investment in joint venture as at June 30, 2013 was RMB 5,000 or approximately $791 based on the exchange rate as on June 30, 2013 published by the Monetary Authority of Singapore.

 

As of September 18, 2013 the Company issued 75,000 options to directors under the Director stock option plan. The fair value of the stock options is estimated using the Black Scholes option pricing model and approximated $140 which vests immediately and will be recorded in the first quarter of FY2014.