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BANK LOANS PAYABLE (Tables)
9 Months Ended
Mar. 31, 2013
Bank Loans Payable Tables  
Bank loans payable

Bank loans payable consisted of the following:

   

Mar. 31, 2013

(Unaudited)

   

 

June 30, 2012

 
Note payable denominated in Malaysian ringgit to a commercial bank for infrastructure investment, maturing in August 2024, bearing interest at the bank’s prime rate (4.75% at March 31, 2013) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building.     2,605       2,629  
                 
Note payable denominated in US dollars to a financial institution for working capital plans in Singapore and its subsidiaries, maturing in December 2014, bearing interest at the bank’s prime rate plus 1.50% (4.75% at March 31, 2013) with monthly payments of principal plus interest through December 2014. This note payable is secured by plant and equipment.      1,042       1,510  
                 
      Current portion     (734 )     (766 )
      Long term portion of bank loans payable   $ 2,913     $ 3,373  

Future minimum payments

Future minimum payments (excluding interest) as at March 31, 2013 were as follows:

2013   $ 734  
2014     766  
2015     163  
2016     172  
2017     181  
Thereafter     1,631  
Total obligations and commitments   $ 3,647