Shareholder Equity rose when the minority interest amount dropped...Looks like the minority interest may have been reduced when the company moved their domicile registration from Nevada to the British Virgin Islands last year...
tidbit...minority interest used to be shown in the liability section of filings but now shows up in the equity section...
An attempt at a simple breakdown from 03-31-09 to 09-31-09...
......... 000's HK..........000's US......000's HK........000's US
......... 03-31-09..........03-31-09......09-30-09.........09-30-09
Equity... $404,950 ....... $51,916 .... $1,137,818 ..... $146,323
minority
interest . $600,843 ....... $77,032 ...... $143,132 ...... $18,278
total
equity .. $1,005,793 ..... $128,948 ..... $1,280,950 ... $164,730
(used .1286 for some conversion of HK to US which may fluctuate)
Using about 6,383,000 outstanding shares for equity per share...
.................. 03-31-09 ...... 09-30-09
US figures ....... $51,916K ...... $146,323K
Equity per share ... $8.12 ........ $22.92
Just as a rough guide and looking at a glance it appeared to be a better valuation for equity...Company also posted a profit for 09-30-09 ending period as a rebound from the prior year's quarterly performance...
Don't know how everything breaks down and only a simple attempt at a logical estimation of trying to determine value...LJ
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