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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 13, 2013 11:08pm
75 Views
Post# 21388051

RE: RE: MZ trying to list something In China!

RE: RE: MZ trying to list something In China!

One more thought regarding the Puda Group/Puda coal group business....

I think the Agricultural business has already been split off for listing. I think that particular application was either yanked or is sitting somewhere....Perhaps it made it through and is already listed under some name I have never identified...I don't know, but the diversified conglomerate model failed back in the 80-90s and has since been pretty much forgotten as a popular way to sell securities for investment funds...

During the 2000's, most all of these former diversified conglomerates have been broken up and separated out as to their individual specialties. The Ag part of Zhao's holdings therefore would never be paired with coal and even the other energy related fields like equipment, materials and parts and even engineering are not likely to be paired together with the Coal Mining segment.

I say this knowing full well that Zhao's personality and his HUBRIS would like to have a total conglomerate type of company, but I can;t see any underwriter taking something like that on in this century. That is business done by last century standards that started during the century prior.

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