XML 82 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)
6 Months Ended
Jun. 30, 2014
SCHEDULE OF DETAILS OF THE SUBSIDIARIES AND AFFILIATES OF THE COMPANY [Table Text Block]
                Percentage of        
    Domicile and date           effective        
Names   of incorporation     Paid-up capital     ownership     Principal activities  
                         
Subsidiaries                        
                         
New Zealand WAYNE’S 
   New Resources 
   Development Co., Ltd 
   (“New Resources”)
  British Virgin Islands, March 13, 2008   $ 50,000     100%     Holding company of the other subsidiaries  
                         
Oriental Global Holdings 
   Limited 
   (“Oriental Global”)
  Hong Kong, May 2   8, 2010     $1     100%     Holding company of Harbin Baixin  
                         
Harbin Baixin Biotech 
   Development Co., Ltd 
   (“Harbin Baixin”)
  People’s Republic of China (“PRC”), July 13, 2010   $ 3,000,000     100%     Cordyceps Militaris (aka Chinese Golden Grass) cultivation technology research and development, services and Cordyceps Militaris products wholesale  
                         
VIEs                        
                         

Heilongjiang Shuaiyi New 
   Energy Development Co., 
   Ltd 
   (“Heilongjiang Shuaiyi”)

  PRC,
July 11, 2006
    RMB60,000,000     100%     Principally engaged in investment and property holding  
                         
Daqing Shuaiyi Biotech Co. 
   Ltd. 
   (“Daqing Shuaiyi”)
  PRC,
August 8, 2005
    RMB50,000,000     100%     Growing and sales of Cordyceps Militaris, which is widely used for Chinese medicine, and functional health beverages  
                         
Harbin Shuaiyi Green and 
   Specialty Food Trading 
   LLC. (“Harbin Shuaiyi”)
  PRC,
May 18, 2001
    RMB1,500,000     100%     Sales of organic and specialty food products