China Housing & Land Development, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - May 15, 2012



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EX-31.1 - EXHIBIT 31.1 - China Housing & Land Development, Inc.v313098_ex31-1.htm
EX-32.2 - EXHIBIT 32.2 - China Housing & Land Development, Inc.v313098_ex32-2.htm
EX-32.1 - EXHIBIT 32.1 - China Housing & Land Development, Inc.v313098_ex32-1.htm
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v2.4.0.6
Related Party Transactions
3 Months Ended
Mar. 31, 2012
Related Party Transactions

Note 18 – Related Party Transactions

 

One of the Company’s executive officers’ spouse owned 37.83% of common stock of Days Hotel. During the three months ended March 31, 2012, the Company incurred $26,598 (March 31, 2011 - $32,428) in fees to Days Hotel. As at March 31, 2012, the Company had $123,818 (December 31, 2011 - $106,440) payable to Days Hotel.

 

The Company did not sell any real estate units to Days Hotel during the three months ended March 31, 2012. However, the Company sold 14 apartments amounting to $695,439 to Days Hotel during the three months ended March 31, 2011.

 

The Company also borrowed a $1,587,932 in short-term loan from Days Hotel during the 3 months ended March 31, 2012 (Note 10).

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