Quarterly report pursuant to sections 13 or 15(d)

NOTE PAYABLE (Details Textual)

v2.4.0.8
NOTE PAYABLE (Details Textual) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Note payable $ 155,166,195 $ 0 [1]
Promissory Note [Member]
   
Note payable $ 155,166,195 $ 0
Debt Instrument, Interest Rate, Stated Percentage 4.00% 0.00%
[1] Represents the consolidation retrospectively restated as if Pingtan Marine Enterprise Ltd. (formerly known as China Growth Equity Investment Ltd.) completed its merger with China Dredging Group Co., Ltd. and the share purchase of Merchant Supreme Co., Ltd. on January 1, 2012 rather than on February 25, 2013.