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SHARE OPTION PLANS (Tables)
 12 Months Ended
Sep. 30, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the share option activity under the 2005 and 2009 Plans is as follows:

 

    Tranche 1     Tranche 2     Tranche 3     Tranche 4     Tranche 5     Tranche 6     Tranche 7  
Grant date   November 
8, 2005		     October 22,
2007		     March 28,
2008		     June 16, 
2008		     January 4,
2010		     January 3,
2011		     January 3,
2012		  
                                           
Options outstanding as of October 1, 2010     64,400       5,000       156,167       10,000       125,000       -       -  
Number of options granted     -       -       -       -       -       120,000       -  
Options exercised     (64,400 )     -       (26,000 )     -       -       -       -  
Options cancelled/ forfeited/ expired     -       -       -       -       (5,000 )     -       -  
                                                         
Options outstanding as of September 30, 2011     -       5,000       130,167       10,000       120,000       120,000       -  
Number of options granted     -       -       -       -       -       -       365,000  
Options cancelled/ forfeited/ expired     -       -       (5,667 )     -       -       (5,000 )     -  
Outstanding as of September 30, 2012     -       5,000       124,500       10,000       120,000       115,000       365,000  
                                                         
Options vested and exercisable                                                        
At September 30, 2011     -       -       130,167       10,000       120,000       -       -  
                                                         
At September 30, 2012     -       5,000       124,500       10,000       120,000       115,000       365,000  
                                                         
Weighted average fair value at the grant date (USD)     2.69       4.55       2.69       3.42       7.20       6.08       1.45  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each option granted is estimated on the date of grant using the Black-Scholes Option Pricing Model:

 

    Tranche
1#		     Tranche
2		     Tranche
3*		     Tranche
4		     Tranche
5		     Tranche
6		     Tranche
7		  
                                           
Exercise price (USD)     8.75       9.27       5.30       6.64       12.23       10.84       2.55  
Average risk-free interest rate     4.47 %     4.08 %     2.51 %     3.73 %     1.66 %     1.03 %     0.40 %
Expected option life (year)     3.5       3.8       2.7       2.9       3       3       3  
Volatility rate     30.79 %     60.86 %     78.17 %     77.27 %     92.81 %     88.03 %     90.30 %
Dividend yield     -       -       -       -       -       -       -  

  

# Tranche 1 was modified on September 14, 2009. The exercise price modified to USD 4.00 and the fair value was USD 2.66 at the modified date.

 

* Tranche 3 consists of different vesting structures. The expected option life and fair value presented above are weighted average numbers.