v2.4.0.6

SUBSEQUENT EVENT | 12 Months Ended
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Mar. 31, 2012
Subsequent Events [Abstract] |
Subsequent Events [Text Block] |
| 21. | SUBSEQUENT EVENT
On April 26, 2012 and June 20, 2012, the Company had successfully obtained the land use rights of two pieces of land in Xuyi Country, Jiangsu province, PRC respectively. Total size of lands was 83,658 m2 with total price amounted to approximately US$31,262,000. In order to enhance the cash flow management, the Company decided to sell these lands in the next twelve months. The lands will be classified as assets held for sales and measured at lower of its carrying amount and fair value less costs to sell.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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