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Land use rights, net
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Jun. 30, 2011
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| Land use rights, net |
The
following is a summary of land use rights (unaudited):
Amortization
expenses for the three months ended June 30, 2011 and 2010 were
$8,160 and $7,870, respectively, while for the six months ended
June 30, 2011 and 2010 amounted to $16,221 and $15,637,
respectively.
The
estimated amortization expenses for the five years/period ending
December 31, 2011, 2012, 2013, 2014, 2015, and thereafter are as
follows:
As
of June 30, 2011 and December 31, 2010, land use rights of the
Group were pledged to a bank for banking facilities
granted.
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