Short-term loans

9 Months Ended

Sep. 30, 2012

Short-term loans [Abstract]

Short-term loans

13. Short-term loans

	September 30,		December 31,
	2012		2011
	(Unaudited)
	$		$
Guaranteed and repayable within one year Short-term bank loans		15,671,794		9,545,383

As of September 30, 2012, the above bank borrowings were for working capital purposes and were guaranteed by personal guarantees executed by certain directors of the Company and a land use right with carrying amount $3,091,592 pledged as collateral.

The loans were primarily obtained for general working capital, carried interest rates ranging from 2.62% to 7.22% per annum.