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.

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Puda Coal Inc > Hague Is The Only Hope

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Comment by coldheaton May 08, 2013 12:55pm

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Post# 21352665

RE: Hague Is The Only Hope

I appears that the Hague process has failed in it's first attempts. Zhao is avoiding service, and they don't even know where Zhu is.

They are trying again for the third time and after that, the SEC has indicated that it will use it's extra-judicial powers. It set the date for a report at September 6th.

If Zhao does not voluntarilly engage in a settlement....there will be no pennies....

So much for the Hague....but I never expected the Hague process to be successful. The Hague has no teeth. It seems that it gets no respect in China. At least not from Ming Zhao.

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