Note 16 - Due to related parties

3 Months Ended

Mar. 31, 2012

16.	Due to related parties

	March 31, 2012		December 31, 2011
	US$(’000)		US$(’000)
	(Unaudited)

Beijing Saimeiwei Food Equipments Technology Co., Ltd		4		4
Due to legal (nominal) shareholders of Shanghai Jing Yang		80		157
		84		161

Shanghai Jing Yang was incorporated in December 2009 by the Company’s senior management, prior to entering into the Contractual Agreements with the Company (see Note 1), the legal shareholders contributed RMB1,000,000 (approximately US$157,000) as the original paid-in capital of Shanghai Jing Yang upon incorporation. For the three months ended March 31, 2012, the Company returned approximately US$77,000 to the legal shareholders of Shanghai Jing Yang and the remaining balance of approximately US$80,000 as of March 31, 2012 was returned to the legal shareholders of Shanghai Jing Yang in April 2012.