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Noncurrent Assets Held for Sale
 12 Months Ended
Dec. 31, 2016
Noncurrent Assets Held for Sale

9. NONCURRENT ASSETS HELD FOR SALE

 

     December 31  
     2015      2016  
     US$      US$  

Assets held for sale

      —          3,363  
  

 

 

     

 

 

  
     —          3,363  
  

 

 

     

 

 

  

In January 2016, the Company vacated an office building located in Shanghai, China, and actively marketed the building during fiscal 2016. In April 2016, management approved an action to sell the excess property, and committed to a plan to locate a buyer. The property met all of the held for sale criteria in accordance with ASC 360 — Property, Plant and Equipment and therefore was classified as noncurrent assets held for sale. The Company has obtained a firm purchase commitment from a non-affiliated third party and will recognize the gain on the sale when transfer of ownership is completed.