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OTHER ASSETS (Details 1) $ in Thousands | Sep. 30, 2020 USD ($)
--- | ---
RMB |  |
Original investment | $ 10,000 |
Less: management Fee | (5,000) |
Net investment | 5,000 |
Less: share of loss on joint venture | (137) |
Net investment as down payment | 4,863 | [1]
Loans receivable | 5,000 |
Interest receivable | 1,250 |
Less: impairment of interest | (906) |
Transferred to down payment | 5,344 | [2]
Down payment for purchase of investment properties | 10,207 |
USD |  |
Original investment | 1,606 |
Less: management Fee | (803) |
Net investment | 803 |
Less: share of loss on joint venture | (22) |
Net investment as down payment | 781 | [1]
Loans receivable | 814 |
Interest receivable | 200 |
Less: impairment of interest | (150) |
Transferred to down payment | 864 | [2]
Down payment for purchase of investment properties | $ 1,645 |
[1] | On December 2, 2010, the Company signed a Joint Venture agreement (agreement) with Jia Sheng Property Development Co. Ltd. (Developer) to form a new company, Jun Zhou Co., Limited (Joint Venture or Jun Zhou) to joint develop the Singapore Themed Park project (the project), where the Company paid RMB10 million for the 10% investment in the joint venture. The Developer paid Company management fee of RMB5 million in cash upon signing of the agreement with a remaining fee of RMB5 million payable upon fulfilment of certain conditions in accordance with the agreement. The Company further reduced its investment by RMB137, or approximately $22 towards the losses from operations incurred by the joint venture.
[2] | Amounts of RMB 5,000 or approximately $814 as disclosed in Note 5, plus the interest receivable on long term loan receivable of RMB 1,250 or approximately $200 and impairment on interest of RMB 906 or approximately $150.

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