Quarterly report pursuant to sections 13 or 15(d)

CONDENSED PARENT COMPANY FINANCIAL INFORMATION (Details 2)

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CONDENSED PARENT COMPANY FINANCIAL INFORMATION (Details 2) (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net cash used in operating activities $ 58,354,125 $ 49,479,366 [1]
Net cash used in investing activities (215,419,980) (43,230,542) [1]
Net cash provided by financing activities 766,331 39,457,690 [1]
Cash at the beginning of the period 165,062,575  
Cash at the end of the period 20,196,391  
Parent [Member]
   
Net cash used in operating activities (562,137) 0
Net cash used in investing activities (3,501,355) 0
Net cash provided by financing activities 498,137 0
Net decrease in cash (3,565,355) 0
Cash at the beginning of the period 3,565,355 0
Cash at the end of the period $ 0 $ 0
[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.