Loans receivable from related parties includes the Company's loan of Singapore Dollars 11.5 million (approximately $8 million) to GLD Investments Pte Ltd ("GLD"), a limited liability company incorporated in Singapore, which is 10% owned by the Company's Chief Executive Officer. The loan has been due for repayment since October 2009. Linktone's management is in the process of negotiating with the shareholders of GLD to have the loan converted to an equity interest in GLD. After the conversion, which is expected to be finalized in the second quarter of 2010, Linktone will become the majority shareholder of GLD.
I also asked for info on GLD by emailing company. Will post results when received.