Quarterly report pursuant to Section 13 or 15(d)

DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)

v2.4.0.8
DESCRIPTION OF BUSINESS AND ORGANIZATION (Tables)
9 Months Ended
Sep. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]  
Schedule Of Subsidiary and Variable Interest Entity [Table Text Block]
Details of the Company’s subsidiaries and VIEs which are included as continuing operations in these consolidated financial statements as of September 30, 2014 and December 31, 2013 are as follows:
 
Name of subsidiaries
 
Place and date of
incorporation
 
Percentage of ownership
 
Principal activities
 
 
 
 
 
 
 
Merchant Supreme
 
BVI,
 
100% held by PME
 
Intermediate holding company
Co., Ltd. (“Merchant
 
June 25, 2012
 
 
 
 
Supreme”)
 
 
 
 
 
 
 
 
 
 
 
 
 
Prime Cheer
 
Hong Kong,
 
100% held by Merchant
 
Intermediate holding company
Corporation Ltd. (“Prime Cheer”)
 
May 3, 2012
 
Supreme
 
 
 
 
 
 
 
 
 
Pingtan Guansheng
 
PRC,
 
100% held by Prime Cheer
 
Intermediate holding company
Ocean Fishing Co., Ltd. ("Pingtan Guansheng")
 
October 12, 2012