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DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)
 6 Months Ended
Jun. 30, 2013
Description Of Business and Organization [Abstract]  
Details of Subsidiaries
As of June 30, 2013, 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