Quarterly report pursuant to sections 13 or 15(d)

DESCRIPTION OF BUSINESS AND ORGANIZATION (Details)

v2.4.0.8
DESCRIPTION OF BUSINESS AND ORGANIZATION (Details)
6 Months Ended
Jun. 30, 2013
China Dredging Group Co Ltd [Member]
 
Place and date of incorporation (place) BVI
Place and date of incorporation (date) Apr. 14, 2010
Percentage of ownership 100% held by PME
Principal activities Intermediate holding company
China Dredging (Hk) Company Limited [Member]
 
Place and date of incorporation (place) Hong Kong,
Place and date of incorporation (date) Apr. 26, 2010
Percentage of ownership 100% through CDGC
Principal activities Intermediate holding company
Master Gold Corporation Limited [Member]
 
Place and date of incorporation (place) Hong Kong,
Place and date of incorporation (date) Jun. 01, 2012
Percentage of ownership 100% through CDGC
Principal activities Intermediate holding company
Fujian Wanggang Dredging Construction [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Jun. 12, 2010
Percentage of ownership 100% through China Dredging HK;VIE Agreement signed with Wonder Dredging
Principal activities Intermediate holding company
Pingtan Xingyi Port Service Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Aug. 06, 2012
Percentage of ownership 100% through Wonder Dredging
Principal activities BT project involves dredging, reclamation and cofferdam construction
Pingtan Zhuoying Dredging Engineering Construction Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Sep. 26, 2012
Percentage of ownership 100% through Master Gold
Principal activities Intermediate holding company
Merchant Supreme Co Ltd [Member]
 
Place and date of incorporation (place) BVI,
Place and date of incorporation (date) Jun. 25, 2012
Percentage of ownership 100% held by PME
Principal activities Intermediate holding company
Prime Cheer Corporation Ltd [Member]
 
Place and date of incorporation (place) Hong Kong,
Place and date of incorporation (date) May 03, 2012
Percentage of ownership 100% held by Merchant Supreme
Principal activities Intermediate holding company
Pingtan Guansheng Ocean Fishing Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Oct. 12, 2012
Percentage of ownership 100% held by Prime Cheer
Principal activities Intermediate holding company
Wonder Dredging Engineering Llc [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) May 10, 2010
Percentage of ownership 91% owned by Qing Lin and 9% owned by Panxing Zhuo; VIE agreement signed with Fujian Wanggang
Principal activities Intermediate holding company
Fujian Xing Gang Port Service Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Jan. 08, 2008
Percentage of ownership 50% through Fujian Wanggang and 50% through Wonder Dredging; VIE agreement signed with Fujian Wanggang
Principal activities Provides specialized dredging services
Fujian Provincial Pingtan County Fishing Group Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Feb. 27, 1998
Percentage of ownership 70% owned by Honghong Zhuo and 30% owned by Zhiyan Lin; VIE agreement signed with Pingtan Guansheng
Principal activities Engages in ocean fishing and sale of frozen marine catches
Pingtan Dingxin Fishing Information Consulting Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Oct. 21, 2012
Percentage of ownership 100% through Pingtan Fishing
Principal activities No business activity
Pingtan Duoying Fishing Information Consulting Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Oct. 21, 2012
Percentage of ownership 100% through Pingtan Fishing
Principal activities No business activity
Pingtan Ruiying Fishing Information Consulting Co Ltd [Member]
 
Place and date of incorporation (place) PRC
Place and date of incorporation (date) Oct. 21, 2012
Percentage of ownership 100% through Pingtan Fishing
Principal activities No business activity