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Puda Coal Inc PUDA

Puda Coal, Inc. (Puda) is a supplier of high-grade metallurgical coking coal to the industrial sector in the People’s Republic of China (the PRC or China). Its processed coking coal is primarily purchased by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Puda’s operations are conducted by Shanxi Puda Coal Group Co., Ltd (Shanxi Coal), which it controls through 90% indirect equity ownership. Puda cleans raw coking coal sourced from third-party coal mines primarily located in Liulin County, Shanxi Province, and markets the cleaned, coking coal to coke and steel makers. Its primary geographic markets include Shanxi Province, Inner Mongolia Autonomous Region, Hebei Province, Beijing and Tianjin, China. It purchases raw coal from a diversified pool of local coal mines in Shanxi Province.


GREY:PUDA - Post by User

Comment by coldheaton May 14, 2013 3:48pm
71 Views
Post# 21391170

RE: RE: RE: which

RE: RE: RE: which

"Puda Group is the "holding Company". But it is not a legal Entity. The owner of the Companies belonging to Puda Group (at least till 2012) is not an entity (legal) named Puda Group, it is MZ (IMO)."

 

I agree with that, until now the references to his overall holding has been referred to as the "Large Group" or sometimes Shanxi Puda Group and even Princeton.

I think things are changing in that regard and he is legalizing the overall holding company or at least he is using it as a trial balloon idea, probably searching for money and investors. The job website seem to indicate this...and more than that, it just makes sense. So I assume he is making the listing of the "Large" group a option as he throws everything against the wall to see what sticks.

But I don't see the large group hiring a chief engineeer as I said....so maybe it was just a mistake made by the job website yet the mistake tells us something we did not yet know perhaps......

In any case, I don't think it's relevant to our mess because I don't believe that any of these grandious plans of his will bear fruit before Puda Inc is revoked, so he has to work on that proplem prior to getting any of these potential ideas done and not contingent on some listing plan. The SEC will never buy into that.

In my view......

I suppose if this is something he is developing, we will get some sort of confirmation at some point in the near future, or it will just dry up and blow away.....

 

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