INVESTMENT PROPERTIES (Tables)

3 Months Ended

Sep. 30, 2020

Investments [Abstract]

Companys investment in the property based on the exchange rate

The following table presents the Company’s investment in properties in China as of September 30, 2020. The exchange rate is based on the market rate as of September 30, 2020.

	Investment Date / Reclassification Date	Investment Amount (RMB)			Investment Amount (U.S. Dollars)
Purchase of rental property – Property I – MaoYe Property	Jan 04, 2008		5,554			894
Currency translation			-			(87	)
Reclassification as “Assets held for sale”	July 01, 2019		(5,554	)		(807	)
Reclassification from “Assets held for sale”	Mar 31, 2020		2,024			301
			2,024			301
Purchase of rental property – Property II - JiangHuai	Jan 06, 2010		3,600			580
Purchase of rental property – Property III - Fu Li	Apr 08, 2010		4,025			648
Currency translation			-			(113	)
Gross investment in rental property			9,649			1,416
Accumulated depreciation on rental property	Sep 30, 2020		(6,678	)		(984	)
Reclassified as “Assets held for sale”-Mao Ye Property	July 01, 2019		2,822			410
Reclassification from “Assets held for sale”-Mao Ye Property	Mar 31, 2020		(1,029	)		(143	)
			(4,885	)		(717	)
Net investment in property – China			4,764			699

The following table presents the Company’s investment in properties in China as of June 30, 2020. The exchange rate is based on the market rate as of June 30, 2020.

	Investment Date / Reclassification Date	Investment Amount (RMB)			Investment Amount (U.S. Dollars)
Purchase of rental property – Property I – MaoYe Property	Jan 04, 2008		5,554			894
Currency translation			-			(87	)
Reclassification as “Assets held for sale”	July 01, 2019		(5,554	)		(807	)
Reclassification from “Assets held for sale”	Mar 31, 2020		2,024			301
			2,024			301
Purchase of rental property – Property II - JiangHuai	Jan 06, 2010		3,600			580
Purchase of rental property – Property III - Fu Li	Apr 08, 2010		4,025			648
Currency translation			-			(166	)
Gross investment in rental property			9,649			1,363
Accumulated depreciation on rental property	June 30, 2020		(6,558	)		(940	)
Reclassified as “Assets held for sale”-Mao Ye Property	July 01, 2019		2,822			410
Reclassification from “Assets held for sale”-Mao Ye Property	Mar 31, 2020		(1,029	)		(143	)
			(4,765	)		(673	)
Net investment in property – China			4,884			690