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SUBSEQUENT EVENT | 12 Months Ended
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Jun. 30, 2013
Subsequent Event |
Note 27. SUBSEQUENT EVENT (In Thousands) | Subsequent to fiscal year end, the board of directors approved management to dispose of the investment of 10% interest in joint venture with Chong Qing Jun Zhou Zhi Ye Co. Ltd. The carrying value of the investment in joint venture as at June 30, 2013 was RMB 5,000 or approximately $791 based on the exchange rate as on June 30, 2013 published by the Monetary Authority of Singapore. As of September 18, 2013 the Company issued 75,000 options to directors under the Director stock option plan. The fair value of the stock options is estimated using the Black Scholes option pricing model and approximated $140 which vests immediately and will be recorded in the first quarter of FY2014.

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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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