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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

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Post by coldheaton Mar 26, 2013 8:25pm
231 Views
Post# 21171656

Short court update

Short court update

The offices of Mayer Brown LLP have requested a extension of time to respond to the Now amended Complaint against Moore Stephens Hong Kong.....It was granted......until Mid April.

Guess I was wrong when I assumed that the Chinese side would not partake in the trial procedures. A fellow named Brian Massengill is the attorney of record, and they are going to defend themselves.

I would think this is at the urging of their parent Company in the US and their future reputation as a certified accountant firm in Hong Kong, which by the way is also getting stiffed by China fraudsters and their apparent supportive government.

Thought I would mention it as it is good news for the trial and helps it maintain credibility.

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