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Note 11 - Related Party Transaction
6 Months Ended
Jun. 30, 2012
Note 11 - Related Party Transaction:  
Note 11 - Related Party Transaction

Note 11 – Related Party Transaction

 

The Company rents quarters for directors in Hong Kong and Shanghai from companies owned by directors of the Company.  The relevant rent expenses consist of following:

 

 

 

 

 

Period ended June 30,

 

 

 

 

2012

 

2011

Location

 

Landlord

 

 

 

 

 

 

 

 

 

 

 

Shanghai Quarter

 

Fortune Ocean and Andrew Liu Fu Kang

 

15,385

 

15,385

Director (Andrew) Quarter

 

First Pacific Development Ltd

 

3,333

 

10,000

Related Party Transaction

 

 

$

18,718

$

25,385