Quarterly report pursuant to sections 13 or 15(d)

ADVANCE TO/FROM RELATED PARTIES (Tables)

v2.4.0.8
ADVANCE TO/FROM RELATED PARTIES (Tables)
9 Months Ended
Sep. 30, 2013
Schedule Of Names and Relationship Of Related Parties [Table Text Block]
Advance to/from related parties as of September 30, 2013 and December 31, 2012 consisted of the following:
 
(a)        Name and relationship of related parties
 
Name of related party
 
Relationship
Panxing Zhuo
 
Father of Xinrong Zhuo, a Family Member
Honghong Zhuo
 
Daughter of Xinrong Zhuo
Qing Lin
 
Brother-in-law of Xinrong Zhuo, a Family Member
Longfei Zhuo
 
Cousin of Xinrong Zhuo, a Family Member
Sunqiang Zhou
 
Brother-in-law of Xinrong Zhuo, a Family Member
Cheng Chen
 
Cousin of Xinrong Zhuo, a Family Member
Xiaojie Wu
 
Brother-in-law of Xinrong Zhuo, a Family Member
Xiaoqin Xu
 
An employee of an affiliate company
Xiaomei Yang
 
An employee of the Company and niece of Xinrong Zhuo
Xiaofang Zhuo
 
Cousin of Xinrong Zhuo, a Family Member
Longhua Zhuo
 
Sister of Xinrong Zhuo,a Family Member
Kit Chan
 
One of shareholders of China Dredging Co., Ltd
Fujian Yihai Investment Co., Ltd.
 
An affiliate company majority owned by Longjie Zhuo, sibling of Xinrong Zhuo
Fuzhou Haifeng Dafu Ocean Fishing Co., Ltd.
 
An affiliate company owned by Longfei Zhuo and Honghong Zhuo
Fujian Lutong Highway Engineering Construction Co., Ltd
 
An affiliate company majority owned by Xiaojie Wu, brother-in-law of Xinrong Zhuo
Fujian Haiyi International Shipping Agency Co., Ltd.
 
An affiliate company to which the Company acted as a trustee equity owner. Haiyi International is ultimately majority owned and
    controlled by Sunqiang Zhou, brother-in-law of Xinrong Zhuo and a Family Member
Fujian Xinnong Ocean Fisheries Development Co., Ltd.
 
An affiliate company to which the Company acted as a trustee equity owner. Xinnong is ultimately owned and controlled
    by Xiaojie Wu
Fuzhou Haoyouli Fisheries Development Co., Ltd.
 
An affiliate company to which the Company acted as trustee equity owner. Haoyouli is ultimately owned and controlled by
    Sunqiang Zhou
Fuzhou Honglong Ocean Fishery Co., Ltd.
 
An affiliate company majority owned and controlled by Ping Lin, spouse of Xinrong Zhuo and a Family Member
PT. Avona Mina Lestari
 
An affiliate company controlled by Xinrong Zhuo family domiciled in Indonesia, engaged in fishing base management and
    fishing vessel service
PT. Dwikarya Reksa Abadi
 
An affiliate company controlled by Xinrong Zhuo family domiciled in Indonesia, engaged in fishing base management and
    fishing vessel service
Haifeng Dafu Enterprise Company Limited
 
An affiliate company domiciled in the Hong Kong Special Administrative Region of the PRC (“Hong Kong”)
Hai Yi Shipping Limited
 
An affiliate company domiciled in Hong Kong
Fuzhou Wanhao Real Estate Property Investment Co., Ltd.
 
An affiliate company majority-owned and controlled by Qing Lin
China Communication Materials Central and South Co., Ltd.
 
An affiliate company majority-owned by Lutong Highway
Fujian Gangjun Construction Co., Ltd.
 
An affiliate company ultimately controlled by Xinrong Zhuo
 
Name of related party
 
Relationship
Fuzhou Baojie Haiyi Ocean Fishing Co., Ltd.
 
An affiliate company majority-owned and controlled by Xinrong Zhuo
Fujian International Trading and Transportation Co., Ltd.
 
An affiliate company owned by Yihai Investment and Longhao Zhuo, sibling of Xinrong Zhuo and a Family Member
Fuzhou Dongxing Longju Real Estate Co., Ltd.
 
An affiliate company owned by Xinrong Zhuo
Shenzhen Western Coast Fisherman Pier Co., Ltd.
 
An affiliate company owned by Xinrong Zhuo
Pingtan Heshun Fuel Co., Ltd.
 
An affiliate company under Xinrong Zhuo’s common control
Fuzhou Hairong Trading Co., Ltd.
 
An affiliate company under Xinrong Zhuo’s common control
Hongfa Shipping Limited
 
An affiliate company owned by Xinrong Zhuo
Schedule Of Advances To Related Parties [Table Text Block]
Advance to related parties
 
Merchant Supreme
 
 
 
September 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Honghong Zhuo
 
$
-
 
$
1,642,203
 
Panxing Zhuo
 
 
-
 
 
6,196,248
 
Qing Lin
 
 
-
 
 
100,855
 
Xiaofang Zhuo
 
 
-
 
 
769,251
 
Xiaomei Yang
 
 
-
 
 
7,598,782
 
China Communication Materials Central and South Co., Ltd
 
 
-
 
 
6,895,349
 
Fujian Haiyi International Shipping Agency Co., Ltd.
 
 
-
 
 
243,117
 
Fujian Lutong Highway Engineering Construction Co., Ltd.
 
 
-
 
 
2,161,177
 
Fujian Yihai Investment Co., Ltd
 
 
-
 
 
13,467,150
 
Fuzhou Haifeng Dafu Ocean Fishing Co., Ltd.
 
 
-
 
 
956,315
 
Fuzhou Haoyouli Fisheries Development Co., Ltd.
 
 
-
 
 
7,204,451
 
Fuzhou Wanhao Real Estate Property Investment Co., Ltd
 
 
-
 
 
2,567,923
 
 
 
$
-
 
$
49,802,821
 
Schedule Of Advances From Related Parties [Table Text Block]
Advance from related parties (…/Cont’d)
 
PME
   
 
 
September 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
Hai Yi Shipping Limited
 
 
115,472
 
 
-
 
 
Merchant Supreme
 
 
 
 
September 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
Kit Chan
 
$
-
 
$
153,961