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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2016
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23. | SUBSEQUENT EVENTS
On January 11, 2017, LCL entered a lease agreement with China Railway Construction Group Co., Ltd. for 541.04 square meters’ office with a total rental of approximately $0.13 million. The term of the contract is from January 11, 2017 to December 31, 2017. On February 15, LCL entered into another lease agreement with China Railway Construction Group Co., Ltd. for 54.02 square meters’ office with the total rental of approximately $0.01 million. The term of the contract is from February 15, 2017 to December 31, 2017. On April 13, 2017, HLI paid the balance of the purchase price $1,492,538 for shares purchased under the SPA, and as of April 13, 2017, no such amounts remain due and outstanding.

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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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