XML 49 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.8

SUBSEQUENT EVENTS | 12 Months Ended
--- | ---
Dec. 31, 2013
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | NOTE 22—SUBSEQUENT EVENTS $10M Share repurchased from Softbank On January 17, 2014, The Company announced it entered into a Purchase and Sale Agreement (the "Share Purchase Agreement") with Softbank America Inc. ("Softbank") and Shah Capital Opportunity Fund LP ("Shah Captial"). The transaction was consummated on the same date. Pursuant to the Share Purchase Agreement, Softbank sold its entire stake in the Company, consisting of 4,883,875 ordinary shares with par value US $0.00375 per share ("Ordinary Shares"). The Company and Shah Capital repurchased 3,883,875 and 1,000,000 ordinary shares, respectively, for a price of $2.54 per Ordinary Share. Following the consummation of the transaction, Shah Capital's beneficial ownership in the Company increased from 17.2% to 21.9%. Additional Shares purchased by Shah Capital On March 11, 2014, the Company entered into a Subscription Agreement with Shah Capital. Pursuant to the Subscription Agreement, Shah Capital subscribed for and purchased 2,000,000 shares of common stock, with par value US$0.00375 per share, from the Company for a price of $2.67 per share. This price represents 1.3% premium to the 30-day weighted average of the Company's common stock price as of March 10, 2014. The transaction was consummated on the same date. Following the close of the transaction, Shah Capital's beneficial ownership in the Company increased from 21.9% to 26.0%.

X
- Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration