Post by
coldheat on Nov 06, 2013 1:28am
....and one more thing
This is a bit of information developed via chinese web searches.
As all of you know or at least most of you, the corporate structure of Puda Coal is a bit complicated.
Puda Coal Inc, the company that issued the stock we bought, held a security interest in a Chinese company called Shanxi Puda Coal LTD. That company was among other holding by Ming zhao and the Holding company name that held it is named Puda Group LTD.
We noted some activity some months ago regarding a new name.
That name is now confirmed..
It is Shanxi Wo Industrial group LTD..
It is the holding company new name that has everything under it, Coal, agriculture, Retail and wholesale equipment, furniture....etc.....
What this means exactly, I don't know but I do know that efforts are indeed underway to list all or parts of the company on the Chinese exchange. I think it's just the coal assets, but I cannot be sure..and there could be more than one listing....because as of last April Ming Zhao was claiming 30 billion Yuan in total assets under Shanxi Wo Industrial.
Comment by
coldheat on Nov 08, 2013 1:04am
FYI....
Here is a link to a website belonging to the vendor who set up the sound system for the Shanxi Wo Industrial Gala party held in January of 2013.Gala Shanxi 2013 Shanxi Wo