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INVESTMENT PROPERTIES (Tables)
 9 Months Ended
Mar. 31, 2021
Investments [Abstract]  
Companys investment in the property based on the exchange rate

The following table presents the Company’s investment in properties in China as of March 31, 2021. The exchange rate is based on the market rate as of March 31, 2021.

 

 

Investment Date /

Reclassification Date

  

Investment

Amount (RMB)

    

Investment Amount

(U.S. Dollars)

  
Purchase of rental property – Property I – MaoYe Property Jan. 04, 2008     5,554       894  
Currency translation       -       (87 )
Reclassification as “Assets held for sale” July 01, 2018     (5,554 )     (807 )
Reclassification from “Assets held for sale” Mar. 31, 2019     2,024       301  
      2,024       301  
Purchase of rental property – Property II - JiangHuai Jan. 06, 2010     3,600       580  
Purchase of rental property – Property III - Fu Li Apr. 08, 2010     4,025       648  
Currency translation       -       (55 )
Gross investment in rental property       9,649       1,474  
Accumulated depreciation on rental property Mar. 31, 2021     (6,920 )     (1,053 )
Reclassified as “Assets held for sale”- Mao Ye Property July 01, 2018     2,822       410  
Reclassification from “Assets held for sale”- Mao Ye Property Mar. 31, 2019     (1,029 )     (143 )
      (5,127 )     (786 )
Net investment in property – China       4,522       688  

 

The following table presents the Company’s investment in properties in China as of June 30, 2020. The exchange rate is based on the market rate as of June 30, 2020.

 

 

Investment Date /

Reclassification Date

  

Investment

Amount (RMB)

    

Investment Amount

(U.S. Dollars)

  
Purchase of rental property – Property I – MaoYe Property Jan. 04, 2008     5,554       894  
Currency translation       -       (87 )
Reclassification as “Assets held for sale” July 01, 2018     (5,554 )     (807 )
Reclassification from “Assets held for sale” Mar. 31, 2019     2,024       301  
      2,024       301  
Purchase of rental property – Property II - JiangHuai Jan. 06, 2010     3,600       580  
Purchase of rental property – Property III - Fu Li Apr. 08, 2010     4,025       648  
Currency translation       -       (166 )
Gross investment in rental property       9,649       1,363  
Accumulated depreciation on rental property June 30, 2020     (6,558 )     (940 )
Reclassified as “Assets held for sale”-Mao Ye Property July 01, 2018     2,822       410  
Reclassification from “Assets held for sale”- Mao Ye Property Mar. 31, 2019     (1,029 )     (143 )
      (4,765 )     (673 )
Net investment in property – China       4,884       690