Annual report pursuant to Section 13 and 15(d)

Description of Business and Organization (Tables)

v3.6.0.2
Description of Business and Organization (Tables)
12 Months Ended
Dec. 31, 2016
Description of Business and Organization [Abstract]  
Schedule of subsidiary and variable interest entity
Name of subsidiaries   Place and date of incorporation   Percentage of ownership   Principal activities
Merchant Supreme Co., Ltd. (Merchant Supreme”)  

BVI,

June 25, 2012

  100% held by PME  

Intermediate holding

company

             
Prime Cheer Corporation Ltd. ("Prime Cheer")  

Hong Kong,

May 3, 2012

 

100% held by Merchant

Supreme

 

Intermediate holding

company

             
Pingtan Guansheng Ocean Fishing Co., Ltd. ("Pingtan Guansheng")  

PRC,

October 12, 2012

 

100% held by Prime

Cheer

 

Intermediate holding

company

             
Fujian Heyue Marine Fishing Development Co., Ltd. (“Fujian Heyue”)  

PRC,

January 27, 2015

  100% held by Pingtan Guansheng   Intermediate holding company  
             
Fujian Provincial Pingtan County Fishing Group Co., Ltd. (“Pingtan Fishing”)  

PRC,

February 27, 1998

  92% held by Fujian Heyue   Oceanic fishing
             
Pingtan Dingxin Fishing Information Consulting Co., Ltd. (“Pingtan Dingxin”)  

PRC,

October 23, 2012

  100% held by Pingtan Fishing   Dormant
             
Pingtan Duoying Fishing Information Consulting Co., Ltd. (“Pingtan Duoying”)  

PRC,

October 23, 2012

  100% held by Pingtan Fishing   Dormant
             
Pingtan Ruiying Fishing Information Consulting Co., Ltd. (“Pingtan Ruiying”)  

PRC,

October 23, 2012

  100% held by Pingtan Fishing   Dormant