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EXCEL - IDEA: XBRL DOCUMENT - China IncFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - China IncR5.htm
XML - IDEA: XBRL DOCUMENT - China IncR9.htm
XML - IDEA: XBRL DOCUMENT - China IncR2.htm
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XML - IDEA: XBRL DOCUMENT - China IncR6.htm
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EX-32.1 - China Incexhibit_32-1.htm
EX-31.1 - China Incexhibit_31-1.htm
10-K - China Incchina10k.htm
v2.4.0.6
COMMON STOCK
12 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
COMMON STOCK

NOTE 6- COMMON STOCK

 

 

In June 2012, the Company issued 5,000,000 shares of common stock to individual investors at a price of $0.01 per share for aggregate proceeds of $50,000.

 

In May 2012, the Company’s CEO transferred 12,800,000 shares of the Company’s common stock directly to a member of the Company’s board of directors as consideration for accepting the board position in May 2012. The Company has recorded stock-based compensation of $128,000 based on the fair value of the common stock transferred, which was determined with reference to recent sales of common stock in arm’s length transactions.