SUBSEQUENT EVENT

6 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 16 – SUBSEQUENT EVENT

The Company made the payment of the previously announced dividend on January 30, 2015. The dividend was announced on October 1, 2014. The dividend is of US$0.10 per share to the Company's stockholders of common stock of record as of the close of business day on October 31, 2014.

The Company and its related party, 900LH.com Food Co., Ltd. ("900LH.com", previously announced as Xi'an Gem Grain Co., Ltd) have entered into agreements that the Company’s fertilizers will be exclusively supplied to all plants and agricultural products in a project 900LH.com and Shiquan County Government will jointly develop. Furthermore, 900LH.com will promote the Company’s fertilizers to all its affiliated farms. The agreement does not specify the unit price of the sales or the penalty for non-performance.