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IMPAIRMENT ON LONG-TERM INVESTMENT | 12 Months Ended
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Feb. 29, 2012
IMPAIRMENT ON LONG-TERM INVESTMENT |
IMPAIRMENT ON LONG-TERM INVESTMENT |
5. IMPAIRMENT ON LONG-TERM INVESTMENT On August 12, 2011, Zhikang acquired 15% equity interest in Beijing Haidian Holiday Culture Training School (“Holiday School”) with consideration of $235,397, recorded as a long-term investment. However, after the investment, Holiday School’s business unexpectedly and quickly deteriorated. Therefore, the long-term investment was fully impaired in the year ended February 29, 2012.

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- Definition The entire disclosure for impairment on long term investment incurred during the period . + References No definition available. + Details
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