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Puda Coal Inc PUDA

Coal Steel Coal Steel
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

Puda Coal Inc > In a similar case...CNEP revoked today
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Comment by coldheaton Apr 06, 2013 1:24am
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Post# 21219538

RE: RE: In a similar case...CNEP revoked today

RE: RE: In a similar case...CNEP revoked today

Just a little color on this appeal......CNEP is appealing a 75K judgment issued 5/27/11. Issued to Wang Hongun and others...

I cannot see where a full class action ever fully materialized. two others cases were brought by individuals, and it appears they were dismissed.....Not going to spend much time on this, but there was no jury trial. These were summary judgments and one was granted for 75K...

I suppose that there just were not enough claimants to make a CA work.....Too bad, because this company was indeed a total scam.

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