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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 10:06pm
146 Views
Post# 24017210

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

RE:RE:The "never ending story" has pretty much concluded
Talcino........It would be a mistake for you to hold out any hope that US courts can enforce this judgment because they can't. Zhao owns no securities or real property that they could seize in any US territory or jurisdiction. They are only issuing this to close the case. Were Zhao to fall into a pile of cash at some future date, he could re-open negotiations, but that is so rare that it's more of a myth then a possibility.
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