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Subsequent Event | 12 Months Ended
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Dec. 31, 2016
Subsequent Event [Abstract] |
Subsequent Event | (23) Subsequent Event On December 5, 2016, the Company entered into a working capital loan agreement with Bank of Cangzhou, for a credit line of up to $5,766,181 (RMB40,000,000). The loan bears a fixed interest rate of 6.09% per annum. The working capital loan was secured by the Company’s land use right and guaranteed by Orient Paper Shengde with its production equipment as collateral for the benefit of the bank. The loan was withdrawn on January 3, 2017

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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