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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2013
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | 20. SUBSEQUENT EVENTS
| (a) | On January 28, 2014, the Company granted options to acquire 6,274,166 ordinary shares respectively to independent directors, executive officers and employees pursuant to the Option Plan. Twenty-five percent (25%) of the options will vest six months after the grant date, Twenty-five percent (25%) of the options will vest twelve months after the grant date, and the remaining fifty percent (50%) of the options will vest ratably over the twenty- four month period after the anniversary of the grant date. These options were granted in anticipation of services to be provided during the respective service periods. The exercise price is $1.49.

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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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