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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 Aug 13, 2015 9:46pm
76 Views
Post# 24017173

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

RE:RE:The "never ending story" has pretty much concluded
That "retain jurisdiction" language is standard fare in any civil court proceedings like a bankruptcy or suit. It basically means that the court will be there in case of a dispute arising from the case. As to Zhao and Zhu... Zhu has not been seen or located since he left Puda. He did stay at a Puda apartment for some days after but later just melted away... Zhao has been off the grid for nearly 3 years now. For a while he was mentioned occasionally in the local press as a result of his position in the Party, but even that stopped. The only news has been a occasional anecdotal story regarding his collapsing businesses...largely related to the realestate holdings. His name or Puda, is not mentioned but I have some idea of the Chinese holdings and know that he owned them. These stories are usually related to protests in the street as a result of lost money, deposits, wages, promises never kept....etc. Yes, the news was released...but the press only covers stories they think people will read ...The Puda story is officially dead.
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