Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

v3.8.0.1
RELATED PARTY TRANSACTIONS
12 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 9 – RELATED PARTY TRANSACTIONS
 
Net amounts due to related parties consisted of the following as of September 30, 2017 and 2016:
 
 
 
 
 
As of September 30,
 
Accounts
 
Name of related parties
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
Related party payables
 
Shareholder, HUANG Jian Cong
 
$
7,911,720
 
$
1,662,160
 
Total due to related parties
 
 
 
$
7,911,720
 
$
1,662,160
 
 
This represented unsecured, due on demand and interest free borrowings between the Company and the shareholders, which have no due date.  For the years end September 30, 2017 and 2016, the Company borrowed $6,051,523 and $1,485,555 from its shareholder, HUANG Jian Cong, for working capital needs.