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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 talcinoon Aug 11, 2015 3:02pm
67 Views
Post# 24007998

RE:The "never ending story" has pretty much concluded

RE:The "never ending story" has pretty much concludedMad,

As quoted in your last message, "this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. (As further set forth in this Order.)", did you get what is "further set in this order"? In other words, HOW will the terms be enforced?

Anothe thing I'm wondering about is: two (three?) years ago when the news "SEC suits Puda (Zhao, Zhu, etc.)" came out, the news were widely reported in Chinese media (like caixin.com, the biggest financial media in China). Also it was reported (on Chinese financial media) that Zhao was willing to do buyout for the price as high as US$12 per share.   But this time, no news are going around Chinese finacial media regarding this final judgement bu U.S. court. Actually I don't see this news on American media either. Maybe not released yet?


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