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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2011
RELATED PARTY TRANSACTIONS

24.    RELATED PARTY TRANSACTIONS

 

  a)  Related parties 

 

Name of Related Parties

  

Relationship with the Group
     
Mr. Haifeng Liu   Shareholder and director of the Company prior to 2010
Our Medical New Technology Co., Ltd (“Our Medical”)*   A company under the control of Mr. Haifeng Liu

 

b) The Group had the following related party transactions for the years ended December 31, 2009, 2010 and 2011:

 

    For the Years Ended December 31,  
    2009     2010     2011     2011  
    RMB     RMB     RMB     US$  
Repayment of interest-free loans borrowed from:                                
Mr. Haifeng Liu     2,000       -       -       -  
Non-current deposits made to:                                
Our Medical     12,497 *             *       *  

 

Imputed interest, calculated using incremental borrowing rates ranging from 6.57% to 7.48%, amounting to approximately RMB55, nil and nil for the years ended December 31, 2009, 2010 and 2011, respectively, were recorded with an offsetting credit to additional paid-in capital.

 

* Our Medical is no longer considered a related party after 2009.