Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
6 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

 

On July 17, 2018, the Company’s Board of Directors declared a cash dividend of $0.01 per share to the Company’s common stock shareholders of record on July 31, 2018.

 

On July 31, 2018, the Company signed a loan agreement with China Development Bank and borrowed $13.20 million from the bank. The loan is due on July 30, 2026 with annual interest rate of 5.39%.