Note 15 - Contingent consideration receivable

9 Months Ended

Sep. 30, 2011

Contingent Consideration Receivable Disclosure [Text Block]

15.   Contingent consideration receivable

	September 30, 2011		December 31, 2010
	US$(’000)		US$(’000)
	(Unaudited)
Quanzhou Zhi Yuan		52		-
Quanzhou Tian Xi Shun He		64
Exchange translation adjustment		3		-
		119		-

According to the acquisition agreements the Company entered into with Quanzhou Zhi Yuan and Quanzhou Tian Xi Shun He, if pretax profit for 2011 and 2012 increases by less than 30% while compared to audited pretax profit of the prior year, the sellers shall compensate the Company for the difference between the target pretax profit and actual results achieved. Fair value of the contingently consideration receivable as of the respective acquisition date of Quanzhou Zhi Yuan and Quanzhou Tian Xi Shun He was approximately US$52,000 and US$64,000, respectively (See Note 4).