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LOANS RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 | Sep. 30, 2014
--- | --- | --- | ---
Short-term loan receivables |  |  |
Less: allowance for doubtful receivables |  |  | $ (51)
Jiang Huai [Member] |  |  |
Short-term loan receivables |  |  |
Short-term | $ 325 | $ 325 |
Less: allowance for impairment | (325) | (325) |
Jun Zhou Zhi Ye [Member] |  |  |
Short-term loan receivables |  |  |
Less: allowance for doubtful receivables |  | (68) |
Long-term loan receivables |  |  |
Long-term | 814 | 814 |
Less: transfer – down-payment for purchase of property | $ (814) | $ (814) |
Long-term loan receivables, net |  |  |
Yuan RMB | Jiang Huai [Member] |  |  |
Short-term loan receivables |  |  |
Short-term | $ 2,000 | $ 2,000 |
Less: allowance for impairment | (2,000) | (2,000) |
Yuan RMB | Jun Zhou Zhi Ye [Member] |  |  |
Long-term loan receivables |  |  |
Long-term | 5,000 | 5,000 |
Less: transfer – down-payment for purchase of property | $ (5,000) | $ (5,000) |
Long-term loan receivables, net |  |  |

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- Definition The valuation allowance as of the balance sheet date to reduce the gross amount of receivables to estimated net realizable value, which would be presented in parentheses on the face of the balance sheet. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5074-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a),5) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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- Definition A valuation allowance for doubtful other receivables due to an entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible and not separately disclosed. + References No definition available. + Details
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- Definition A deposit made by a purchaser of real estate to evidence good faith. It is customary for a buyer to give the seller earnest money at the time a sales contract is signed. The earnest money generally is credited to the down payment at closing, which is applied at closing as a component of payment against the purchase price. + References No definition available. + Details
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