Quarterly report pursuant to sections 13 or 15(d)

CONDENSED PARENT COMPANY FINANCIAL INFORMATION (Details)

v2.4.0.8
CONDENSED PARENT COMPANY FINANCIAL INFORMATION (Details) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Assets    
Prepaid expenses $ 24,000 $ 410,966 [1]
Total assets 683,275,328 484,009,837 [1]
Liabilities and equity    
Accrued liabilities and other payables 13,046,446 3,738,134 [1]
Total current liabilities 71,299,458 67,021,530 [1]
Other liabilities    
Total liabilities 238,661,371 83,710,851 [1]
Shareholders' equity    
Total shareholders' equity 444,613,957 400,298,986 [1]
Total liabilities and equity 683,275,328 484,009,837 [1]
Parent [Member]
   
Assets    
Prepaid expenses 24,000 0
Investments in subsidiaries 600,368,265 400,298,968
Total assets 600,392,265 400,298,968
Liabilities and equity    
Accrued liabilities and other payables 356,113 0
Advance from a shareholder 256,000 0
Total current liabilities 612,113 0
Other liabilities    
Note payable 155,166,195 0
Total liabilities 155,778,308 0
Shareholders' equity    
Total shareholders' equity 444,613,957 400,298,968
Total liabilities and equity $ 600,392,265 $ 400,298,968
[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.