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ADVANCE FOR BUSINESS ACQUISITION
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6 Months Ended |
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Jun. 30, 2011
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| ADVANCE FOR BUSINESS ACQUISITION [Text Block] | NOTE 3: ADVANCE FOR BUSINESS ACQUISITION On January 4, 2010, the Company entered into a Memorandum of Understanding (MOU) with Shenzhen DongFang Hualian Technology Ltd. (“Hualian”). The Company paid $9,397,891 as acquisition deposit during 2010 and $870,390 during the six months ended June 30, 2011. The Company completed the due diligence efforts in March 2011 and are currently negotiating with Hualian’s management on the acquisition price/structure. The Company expected to finalize the acquisition by the end of September 2011.
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- Definition
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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