SHARE REPURCHASE

9 Months Ended

Sep. 30, 2013

Other Liabilities Disclosure [Abstract]

SHARE REPURCHASE

NOTE 16 – SHARE REPURCHASE

On August 2, 2013, the Company entered into an agreement with one of its individual shareholders, pursuant to which the Company repurchased 1,479,704 shares of common stock for a consideration of US$29,594,080. The transaction was completed on August 8, 2013.