DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)

12 Months Ended

Dec. 31, 2012

Description Of Business And Organization [Abstract]

Details of Subsidiaries

As of December 31, 2012, details of the subsidiaries of the Company are as follows:

Subsidiaries’ names	Domicile and date of incorporation	Paid-up capital		Effective ownership			Principal activities
Ally Profit Investments Limited (“Ally Profit”)	British Virgin Islands March 12, 2008	$	100		100	%	Holding company of other subsidiaries
Lihua Holdings Limited (“ Lihua Holdings ”)	Hong Kong April 17, 2008	HK$	100		100	%	Holding company of other subsidiaries
Danyang Lihua Electron Co., Ltd. (“Lihua Electron”)	People’s Republic of China (“PRC”) December 30, 1999	$	10,500,000		100	%	Manufacturing and sales of pure copper wire and bimetallic composite conductor wire such as copper clad aluminum (CCA) wire and enameled CCA wire
Jiangsu Lihua Copper Industry Co., Ltd. (“Lihua Copper”)	PRC August 31, 2007	$	46,000,000		100	%	Manufacturing and sales of refined copper

Proportion of equity interests

The table below sets forth the proportion of equity interests in all entities involved before and after the Restructuring based on subscribed registered capital:

	Magnify Wealth				Ally Profit				Lihua Holdings				Lihua Electron				Lihua Copper
	Before		After		Before		After		Before		After		Before		After		Before		After
	%		%		%		%		%		%		%		%		%		%
Shareholder
Mr. Fo-Ho Chu (“ Mr. Chu”)		100		100		—		—		—		—		45.46		—		—		—
Magnify Wealth		—		—		100		100				—		—		—		—		—
Ally Profit		—		—		—		—		100		100		—		—		—		—
Lihua Holdings		—		—		—		—		—		—		—		100		—		100
Danyang Special Electronics Co., Ltd. (a)		—		—		—		—		—		—		52.27		—		25		—
Invest Unicorn Holdings Limited (b)		—		—		—		—		—		—		—		—		75		—
Imbis Europe B.V. h/o Asia Trading (EDC) (“ Europe EDC”)		—		—		—		—		—		—		2.27		—		—		—
		100		100		100		100		100		100		100		100		100		100